NOTICE OF SUMMARY ACTION

FILE NO.:

DQA-18-9653

MEMBER FIRM:

MORGAN STANLEY & CO. LLC

RULE VIOLATION:

Rule 576. IDENTIFICATION OF GLOBEX TERMINAL OPERATORS

Each Globex terminal operator shall be identified to the Exchange, in the manner prescribed by the Exchange, and shall be subject to Exchange rules. If user IDs are required to be registered with the Exchange, it is the duty of the clearing member to ensure that registration is current and accurate at all times. Each individual must use a unique user ID to access Globex. In no event may a person enter an order or permit the entry of an order by an individual using a user ID other than the individual’s own unique user ID.

FINDINGS:

During the period of January 1, 2018 to March 31, 2018, Morgan Stanley & Co. LLC violated Rule 576 by utilizing Tag 50 IDs across shifts and failing to maintain current and accurate information in the Exchange Fee System.
PENALTY: On July 18, 2018, Morgan Stanley & Co. LLC, pursuant to Rule 512 (“Reporting Infractions”), was issued a $5,000 fine by the 512 Committee for its violation of Rule 576

EFFECTIVE DATE:

August 3, 2018