NOTICE of DISCIPLINARY ACTION

FILE NO.:                   23-CH-2316

MEMBER FIRM:         Marex North America LLC  

CME Rule:                  980.     REQUIRED RECORDS AND REPORTS

B.  Each clearing member shall maintain an adequate accounting system, internal accounting controls, and procedures for safeguarding customer and firm assets. This includes, but is not limited to, the following:

3. Prevention of a material inadequacy as defined in CFTC Regulation 1.16(d)(2).                

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 August 17, 2023, the Clearing House Risk Committee found that Marex North America LLC violated CME Rule 980.B.3.

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

EFFECTIVE DATE:    August 18, 2023