NOTICE OF DISCIPLINARY ACTION

FILE NO.:                   20-CH-2002

MEMBER FIRM:         BofA Securities, Inc.

CBOT Rules:              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:

3.   Obtaining satisfactory segregation, secured 30.7 and Cleared Swaps Customer account acknowledgment letters and identifying segregated, secured 30.7 and Cleared Swaps Customer accounts as such; and.                                                   

FINDINGS:                 Pursuant to an offer of settlement in which BofA Securities, Inc. neither admitted nor denied the rule violations upon which the penalty is based, on August 20, 2020, the Clearing House Risk Committee found that BofA Securities, Inc. violated CBOT Rules 971.A. and 971.A.3.

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

EFFECTIVE DATE:    August 21, 2020