NOTICE OF DISCIPLINARY ACTION

FILE NO:

DQA-19-9962

MEMBER FIRM:

UBS SECURITIES, 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 January 2019, UBS Securities, LLC violated Rule 853 by reporting transfer trades with inaccurate indicators.

PENALTY:

On April 4, 2019, UBS Securities, LLC, pursuant to Rule 512 (“Reporting Infractions”), was issued a $4,000 fine by the 512 Committee for its violation of Rule 853.

EFFECTIVE DATE:

April 22, 2019