NOTICE OF A DISCIPINARY ACTION

NEW YORK MERCANTILE EXCHANGE

NOTICE OF DISCIPLINARY ACTION

FILE NO.:                     17-CH-1703                             

MEMBER FIRM:           Santander Investment Securities Inc.                

NYMEX RULES:           970. FINANCIAL REQUIREMENTS

C. In conjunction with the requirements set forth in CFTC Regulations 1.10, 1.12, 1.17, and 1.18, clearing members must comply with the following requirements:

2. Submit a certified Form 1-FR or FOCUS Report as of the clearing member’s fiscal year-end within the time requirements set forth in CFTC Regulation 1.10. A clearing member must include with its certified Form 1-FR or FOCUS Report, a reconciliation from the certified Form 1-FR.

FINDINGS:                   Pursuant to an offer of settlement in which Santander Investment Securities Inc. neither admitted nor denied the rule violation upon which the penalty is based, on May 11, 2017, the Clearing House Risk Committee found that Santander Investment Securities Inc. violated NYMEX Rule 970.C.2.

PENALTY:                   In accordance with the settlement offer, the Clearing House Risk Committee imposed a $25,000 fine.

EFFECTIVE DATE:      May 12, 2017