NOTICE OF DISCIPLINARY ACTION

CHICAGO MERCANTILE EXCHANGE

NOTICE OF DISCIPLINARY ACTION

FILE NO.:                     18-CH-1809                 

MEMBER FIRM:           Marex North America 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 Marex North America LLC neither admitted nor denied the rule violation upon which the penalty is based, on November 29, 2018, the Clearing House Risk Committee found that Marex North America 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:       November 30, 2018