NOTICE OF SUMMARY ACTIONNYMEX-DQA-18-9748

FILE NO:      

DQA-18-9748

MEMBER FIRM:

RBC CAPITAL MARKETS, LLC

RULE VIOLATION:

Rule 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.

CME Group Special Executive Report S-7914 Reminder Regarding the Prohibited Use of Generic Accounts for Transfers (in pertinent part)

Transfers must be identified with accurate transfer reason codes and must use the actual account numbers that appear on the books of the Clearing Member Firm. The use of generic accounts (i.e. BLKTRNF, CUST, HOUSE, etc.) is prohibited.

FINDINGS:   

During June 2018, RBC Capital Markets, LLC violated Rule 853 by reporting transfer trades using a generic account.

PENALTY:

On August 16, 2018, RBC Capital Markets, 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:

September 5, 2018