NOTICE OF DISCPLINARY ACTION

FILE NO.:                   20-CH-2003

MEMBER FIRM:         BofA Securities, Inc.

CBOT Rules:              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 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 Rule 971.A.1.

PENALTY:                  In accordance with the settlement offer, the Committee imposed a $100,000 fine.

EFFECTIVE DATE:    August 21, 2020