NOTICE OF DISCIPLINARY ACTION

FILE NO.:                  22-CH-2202

MEMBER FIRM:         ADM Investor Services, Inc.           

CBOT Rules:              930.F. Release of Excess Performance Bond

Subject to exceptions granted by Clearing House staff, clearing members may only release performance bond deposits from an account if such deposits are in excess of initial performance bond requirements.                                                       

FINDINGS:              Pursuant to an offer of settlement in which ADM Investor Services, Inc. neither admitted nor denied the rule violation upon which the penalty is based, on March 17, 2022, the Clearing House Risk Committee found that ADM Investor Services, Inc. violated CBOT Rule 930.F.

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

EFFECTIVE DATE:    March 18, 2022