• NOTICE OF DISCIPLINARY ACTION

      • #
      • 14-CH-1404
      • Effective Date
      • 20 June 2014
    • CHICAGO MERCANTILE EXCHANGE

      NOTICE OF DISCIPLINARY ACTION

      FILE NO.: 14-CH-1404

      MEMBER FIRM: Ronin Capital, LLC

      CME RULE: 970. FINANCIAL REQUIREMENTS

      A. Subject to exemptions granted by Exchange staff, all clearing members, including non-FCMs, must comply with the requirements set forth in CFTC Regulations 1.10, 1.12, 1.17 and 1.18. This includes, but is not limited to, the following:

      1. Maintenance of minimum capital requirements of at least $5 million except that a clearing member that is a bank must maintain minimum Tier I Capital (as defined in accordance with regulation applicable to the relevant bank) of at least $5 billion.                        

      FINDINGS: Pursuant to an offer of settlement in which Ronin Capital, LLC neither admitted nor denied the rule violation upon which the penalty is based, on June 19, 2014, the Clearing House Risk Committee found that Ronin Capital, LLC violated CME Rule 970.A.1.

      PENALTY: In accordance with the settlement offer, the Committee fined Ronin Capital, LLC $25,000.

      EFFECTIVE DATE: June 20, 2014