• NOTICE OF SUMMARY ACTION

      • #
      • CME-DQA-18-9560
      • Effective Date
      • 03 April 2018
    • FILE NO:

      DQA-18-9560

      MEMBER FIRM:

      UBS SECURITIES, LLC

      RULE VIOLATION:

      853. TRANSFER OF TRADES AND CUSTOMER ACCOUNTS

      A.6. TRANSFER OF TRADES

      (In pertinent part)

      All transfers shall be reported to the Clearing House in a form acceptable to the Exchange for the type of transactions involved. The proper indicator must be included in the transfer such that the transactions, including the transaction(s) to reverse an error, clear as transfers.

      FINDINGS:

      During December 2017 and February 2018, UBS Securities, LLC violated Rule 853 by reporting transfer trades with inaccurate indicators.

      PENALTY:

      On March 16, 2018, UBS Securities, LLC, pursuant to Rule 512 (“Reporting Infractions”), was issued a $2,000 fine by the 512 Committee for its violation of Rule 853.

      EFFECTIVE DATE:

      April 3, 2018