NOTICE OF SUMMARY ACTION

FILE NO.:

CBT-RSRH-19-5437

MEMBER FIRM:

CITIGROUP GLOBAL MARKETS, INC.

RULE VIOLATION:

CBT Rule 807. Open Long Positions During Delivery Month

At such times and in such manner as shall be prescribed by the Manual, clearing members shall submit a complete and accurate record of dates of all open purchases for use in making deliveries. Clearing members shall be fully responsible for inventories submitted to the Clearing House. This rule shall not apply to trading in options contracts.

FINDINGS:

During the month of March 2019, Citigroup Global Markets, Inc. inaccurately reported long positions eligible for delivery in the December 2018 in various Treasury Note futures contracts.

PENALTY:

On April 16, 2019, the Rule 512 Committee, pursuant to Rule 512, assessed a fine in the amount of $5,000 against Citigroup Capital Markets, Inc. for its violation of Rule 807.

EFFECTIVE  DATE:

May 6, 2019