NOTICE OF SUMMARY ACTION

FILE NO.:

DQA- 19-0010

MEMBER FIRM:

G.H. FINANCIALS, LLC

RULE VIOLATION:

Rule 576. IDENTIFICATION OF GLOBEX TERMINAL OPERATORS

Each Globex terminal operator shall be identified to the Exchange, in the manner prescribed by the Exchange, and shall be subject to Exchange rules. If user IDs are required to be registered with the Exchange, it is the duty of the clearing member to ensure that registration is current and accurate at all times. Each individual must use a unique user ID to access Globex. In no event may a person enter an order or permit the entry of an order by an individual using a user ID other than the individual’s own unique user ID.

FINDINGS:

During the period of January 1, 2019 through March 31, 2019, G.H. Financials, LLC. violated Rule 576 by failing to maintain current and accurate information in the Exchange Fee System and failing to ensure Tag 50 IDs complied with the allowable character limit.

PENALTY:

On July 31, 2019 G.H. Financials, LLC., pursuant to Rule 512 (“Reporting Infractions”), was issued a $10,000 fine by the 512 Committee for its violation of Rule 576. The allocation of the fine across exchanges is based on the activity at each Designated Contract Market.

CME            $5,000

CBOT           $2,500

NYMEX         $2,500

Total Fine    $10,000