International derivatives marketplace CME Group has issued a notice of disciplinary action against Mitchell Levine.

Pursuant to an offer of settlement in which Mitchell Levine neither admitted nor denied the rule violations or factual findings upon which the penalty is based, on May 21, 2025, a Panel of the Commodity Exchange (COMEX) Business Conduct Committee found that on multiple occasions between January 2017, and December 2017, Levine, a broker, successfully requested account changes and trade transfers between customer accounts for unprofitable trades he executed in Copper futures markets without the customers’ knowledge or permission.

Levine effectuated these changes to transfer losing trades from a customer’s personal account to a corporate account the customer partially owned. As a result, the corporate account experienced $1,983,749.50 in losses.

The Panel further found that Levine failed to appear for a scheduled staff interview in connection with the investigation.

The Panel concluded that Levine thereby violated COMEX Rules 432.B.1., 432.B.2, 432.C., and 432.L.1.

In accordance with the settlement offer, the Panel ordered Levine to pay a fine in the amount of $100,000. The Panel also permanently barred Levine from having a business affiliation with, being employed by or having a financial or beneficial interest in a Member or broker association. The Panel also permanently suspended Levine from access to any trading floor owned or controlled by CME Group and from direct and indirect access to any designated contract market, derivatives clearing organization or swap execution facility owned or controlled by CME Group.

Further, the Panel permanently barred Levine from: (1) trading on a discretionary basis for or on behalf of any person or entity, whether by power of attorney or otherwise; and (2) entering customer orders in a brokerage capacity on any CME Group exchange.

The effective date of the notice is May 23, 2025.