UBS Securities LLC agreed to pay a fine of US $100,000 to settle a disciplinary action brought by CME Clearing alleging breakdowns in its calculation of margin requirements and margin calls for accounts, and its maintenance of required books and records. The relevant order provided no details regarding the nature of the breakdowns.
Separately, the Commodity Exchange, Inc. accepted settlement offers from five individuals that allegedly failed to participate in exchange investigations. Each individual agreed to pay a fine of US $40,000 and be denied all CME Group exchanges’ trading access for one year.
