NOTICE OF SUMMARY ACTION

FILE NO.:

DQA‐22-0860

MEMBER FIRM:

UBS SECURITIES LLC

RULE VIOLATION:

RULE 576. IDENTIFICATION OF GOLBEX TERMINAL OPERATORS

FINDINGS:

During the period of January 1, 2022 to March 31, 2022, UBS Securities LLC violated Rule 576 by failing to maintain current and accurate registrations in the Exchange Fee System, submitting Operator IDs used by multiple individuals and submitting incorrect Operator IDs.

PENALTY:

On June 15, 2022, UBS Securities LLC, pursuant to Rule 512 (“Reporting Infractions"), was collectively issued a $2,000 fine for its violations of Rule 576, CME - $1,000, NYMEX - $1,000 (see companion case NYMEX-DQA-22-0860).

EFFECTIVE DATE: 

July 6, 2022