• 18-CH-1804

      • #
      • 18-CH-1804
      • Notice Date
      • 29 June 2018
      • Effective Date
      • 29 June 2018
    • FILE NO.:                     18-CH-1804                 

      MEMBER FIRM:           RBC Capital Markets LLC

      CME 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:

      1.         Maintaining sufficient funds at all times in segregation, secured 30.7 and Cleared Swaps Customer accounts;

      FINDINGS:                    Pursuant to an offer of settlement in which RBC Capital Markets LLC neither     admitted nor denied the rule violation upon which the penalty is based, on June 28, 2018, the Clearing House Risk Committee found that RBC Capital Markets LLC violated CME Rule 971.A.1.

      PENALTY:                    In accordance with the settlement offer, the Clearing House Risk Committee imposed a $50,000 fine.

       

      EFFECTIVE DATE:       June 29, 2018