CME Group business conduct committees authorized the filing and settlement of a number of actions involving violations of prohibitions against disruptive practices and exchange requirements regarding exchange for physicals and positions limits. In two actions, Chicago Board of Trade BCCs fined Matthew Garber, an exchange member, US $60,000 in total for engaging in layering type activity involving larger size orders of Soybean futures contracts to effectuate small-sized orders on the opposite side of the market, and for entering orders in various agricultural futures during Globex pre-open sessions “that were not made in good faith for the purpose of executing bona fide transactions.” Mr. Garber agreed to the fines to settle these matters, as well as a suspension from trading CME Group products for 35 days spread over two time periods. Separately, Michigan Agricultural Commodities, Inc., a non-member, agreed to pay a fine of US $30,000 to resolve charges that it entered into eight purported EFP transactions between September 2012 and September 2013 without transferring a physical position. Finally, Quadra Commodities SA, a non-member, agreed to pay a fine of US $40,000 for holding positions in excess of spot month position limits in soybeans on June 27 and 28, 2013, and for endeavoring to resolve its position limits issues through EFPs – two of which were non-bona fide for lacking proper documentation.