Based on the record and the Panel's findings and conclusions, the Panel ordered Kim to pay a fine in the amount of $120,000 in connection with this case and companion cases CBOT and NYMEX ($40,000 allocated to each Exchange). The Panel also permanently suspended Kim 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. The effective date of the disciplinary action notice is July 1, 2024.