The Chicago Board of Trade’s business conduct committee fined Benn Hepworth, a non-member, US $50,000 for alleged wash trades. CBOT found that between October 17 and October 27, 2016, Mr. Hepworth implemented a wash trading scheme by placing buy and sell orders for the same product and expiration months that he reasonably knew would result in avoiding a bona fide market position exposed to market risk in the implied EU Wheat spread markets. Mr. Hepworth did not appear before CBOT to answer the charges against him. He was also subject to a three-year suspension from all CME Group exchanges by the exchange’s BCC. Separately, the North American Derivatives Exchange revoked the membership of Markeith Victoria for coordinating with other Nadex participants’ orders to trade against each other non-competitively  The exchange also found that Mr. Victoria operated an investment fund for customers without appropriate registration with the Commodity Futures Trading Commission, and apparently traded personally using at least one of his customer’s funds. Mr. Victoria was also fined US $2,500 by Nadex and banned from trading on the exchange’s markets directly or indirectly.