NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

Daniel Masters

EXCHANGE RULES: Rule 432. General Offenses

It shall be an offense:

G. to prearrange the execution of transactions in Exchange products for the purpose of transferring equity between accounts;

FINDINGS:

Pursuant to an offer of settlement that Daniel Masters (“Mr. Masters”) presented at a hearing on March 18, 2015, in which Mr. Masters neither admitted nor denied the findings or the rule violations upon which the penalty is based, a Panel of the COMEX Business Conduct Committee (“Panel”) found it has jurisdiction over Mr. Masters pursuant to NYMEX Rules 400 and 418 and that between August 19, 2013, and August 22, 2013, Mr. Masters pre-arranged and executed a round turn transaction in Copper on the CME Globex platform which resulted in the transfer of money from a second account to an account owned by Mr. Masters.

The Panel found that as a result of the foregoing, Mr. Masters violated Exchange Rule 432.G.

PENALTY:

In accordance with the settlement offer, the Panel ordered Mr. Masters to pay a fine to the Exchange in the amount of $35,000 in connection with this case and companion case NYMEX 13-9584-BC ($15,000 of which is allocated to COMEX).