NOTICE OF DISCIPINARY ACTION

Chicago Mercantile Exchange Inc.
NOTICE OF DISCIPLINARY ACTION

FILE NO.: 22-CH-2206

MEMBER FIRM: BofA Securities, Inc.

CME Rules: 980. REQUIRED RECORDS AND REPORTS

G. Each Clearing Member must submit daily reports that include all information required by the Clearing House, including but not limited to legal entity identifiers, where available, and end-of-day gross positions by each house origin, by each customer origin and by each individual customer-level account within each customer origin. Daily reporting of individual customer-level account information pursuant to this paragraph does not oblige a clearing FCM to look through an omnibus account that it clears for a carrying broker to the underlying customer account.

FINDINGS: Pursuant to an offer of settlement in which BofA Securities, Inc. neither admitted nor denied the rule violations upon which the penalty is based, on December 16, 2022, the Clearing House Risk Committee found that BofA Securities, Inc. violated Customer Gross Margining Technical Overview Requirements and CME Rule 980.G.

PENALTY: In accordance with the settlement offer, the Committee imposed a $1,000,000 fine.

EFFECTIVE DATE: December 19, 2022