A trader settled Commodity Exchange ("COMEX") and New York Mercantile Exchange ("NYMEX") charges (see here and here) for violating spoofing-related rules.
To settle the COMEX charges, Mr. Daesoon Park agreed to a (i) fine of $80,000, (ii) disgorgement of $2,262 in profits and (iii) permanent ban from engaging with any CME Group exchange in any capacity. To settle the NYMEX charges, Mr. Park agreed to a (i) fine of $60,000, (ii) disgorgement of $720 in profits and (iii) permanent ban from engaging with any CME Group exchange in any capacity.
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