Found October 10, 2013 on BlackSportsOnline:
After his submission victory over Mike Pierce last night at UFC Fight Night, Rousimar Palhares was denied the Submission of the Night bonus of 50k, because his submission was deemed unsportsmanlike due to not releasing the hold in a reasonable time, the second time in his UFC Career.  Now, it appears UFC president, Dana White, has had enough. @danawhite tells me on @ESPNOlbermann that Rousimar Palhares is banned. won't ever fight for UFC again… — Jeremy Schaap (@JeremySchaap) October 10, 2013    
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