Paul Dow, a non-member  agreed to pay a fine of US $10,000 and be prohibited for 25 business days from accessing any CME Group exchanges’ market to settle a disciplinary action brought by the Chicago Board of Trade that charged him with disruptive trading. According to a panel of the business conduct committee of the CBOT, on multiple occasions from May 8, 2017, through July 30, 2018, Mr. Dow entered orders in various agricultural futures contracts during pre-opening sessions to assess the depth of the order book or the prior day’s settlement price, and not to execute bona fide transactions. The panel said that Mr. Dow’s placement and cancellation of his orders “caused fluctuations in the publicly displayed indicate opening price.”