NOTICE OF SUMMARY ACTION

FILE NO.:

CME-RQST-20-4839, CME RQST-21-4849, CME RQST-21-4852

MEMBER FIRM:

Morgan Stanley & Co., LLC

CME RULE VIOLATION: 

Rule 853.A.6 (“Transfers of Trades”)

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. The clearing members involved shall maintain a full and complete record of all transactions together with all pertinent memoranda.

FINDINGS:

Between December 1, 2020 and February 11, 2021 Morgan Stanley & Co. LLC did not submit multiple transfers in a form acceptable to the exchange.

PENALTY:

On March 19, 2021 Morgan Stanley & Co. LLC, pursuant to Rule 512 (“Reporting Infractions”), was collectively issued a $1,000 fine by the 512 Committee for its violation of Rule 853.A.6. (includes Cases CME-RQST-20-4839, CME-RQST-21-4849, and CME-RQST-21-4852).

EFFECTIVE DATE:

April 8, 2021