• NOTICE OF DISCIPLINARY ACTION

      • #
      • 14-CH-1403
      • Effective Date
      • 30 April 2014
    • CHICAGO BOARD OF TRADE

      NOTICE OF DISCIPLINARY ACTION

      FILE NO.: 14-CH-1403

      MEMBER FIRM: Citigroup Global Markets Inc.

      CBOT RULE: 971. SEGREGATION, SECURED AND CLEARED SWAPS CUSTOMER ACCOUNT REQUIREMENTS

      A. All clearing members must comply with the requirements set forth in CFTC Regulations 1.20 through 1.30, 1.32, 1.49 and 30.7, and Part 22 of the CFTC Regulations. This includes, but is not limited to, the following:

      2. Computing, recording and reporting completely and accurately the balances in the:  

      b. Statement of Secured Amounts and Funds Held in Separate Accounts.                                             

      FINDINGS: Pursuant to an offer of settlement in which Citigroup Group Global Markets Inc. neither admitted nor denied the rule violation upon which the penalty is based, on April 29, 2014, the Clearing House Risk Committee found that Citigroup Global Markets, Inc. violated CBOT Rule 971.A.2.b.

      PENALTY: In accordance with the settlement offer, the Committee fined Citigroup Global Markets Inc. $25,000.

      EFFECTIVE DATE: April 30, 2014