The Panel thereby concluded that Yu violated CME Rules 432.G. and 432.L.2. In accordance with the settlement offer, the Panel ordered Yu to pay a $55,000 fine. The Panel also suspended Yu for two months 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 the effective date (July 3, 2025) and continuing for two months from the date that the ordered fine is paid in full.