International derivatives marketplace CME Group has posted a notice of disciplinary action against Mohamed Abdelaziz Ali Abdelaziz.
Pursuant to an offer of settlement in which Abdelaziz neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel of the New York Mercantile Exchange (“NYMEX”) Business Conduct Committee found that from April 17, 2024, through April 19, 2024, Abdelaziz – a proprietary trading firm trader located in Saudi Arabia – prearranged the execution of multiple round-turn transactions in the April 2025 and May 2025 Brent Crude Oil Last Day Financial futures market between Abdelaziz’s personal account and his employer’s account for the purpose of transferring equity to his personal account.
The Panel also found that Abdelaziz utilized a unique operator ID other than his own to enter orders.
The Panel thereby concluded that Abdelaziz violated NYMEX Rules 432.G. And 576.
In accordance with the settlement offer, the Panel ordered Abdelaziz to pay a $40,000 fine and $2,620 in restitution.
The Panel also suspended Abdelaziz for one year from direct 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 beginning on trade date October 16, 2025 and continuing for one year from the date that the ordered fine and restitution are paid in full.
