NOTICE OF SUMMARY ACTION

FILE NO:

DQA-18-9596

MEMBER FIRM:

CREDIT SUISSE SECURITIES (USA) LLC

RULE VIOLATION:

853. TRANSFER OF TRADES AND CUSTOMER ACCOUNTS

A.6. TRANSFER OF TRADES
(In pertinent part)

All transfers shall be reported to the Clearing House in a form acceptable to the Exchange for the type of transactions involved. The proper indicator must be included in the transfer such that the transactions, including the transaction(s) to reverse an error, clear as transfers.

FINDINGS:

During February 2018, Credit Suisse Securities (USA) LLC violated Rule 853 by reporting transfer trades with inaccurate indicators.

PENALTY:

On April 25, 2018, Credit Suisse Securities (USA) LLC, pursuant to Rule 512 (“Reporting Infractions”), was issued a $2,000 fine by the 512 Committee for its violation of Rule 853.

EFFECTIVE DATE:

May 16, 2018