NOTICE of DISCIPLINARY ACTION

CHICAGO MERCANTILE EXCHANGE

NOTICE OF DISCIPLINARY ACTION

FILE NO.:                     18-CH-1806                 

MEMBER FIRM:           E D & F Man Capital Markets Inc.

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 E D & F Man Capital Markets Inc. neither admitted nor denied the rule violation upon which the penalty is based, on August 23, 2018, the Clearing House Risk Committee found that E D & F Man Capital Markets Inc. 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:       August 24, 2018