(The following is a reformatted version of a press release issued by CME Group and received via electronic mail. The release was confirmed by the sender.) CHICAGO BOARD OF TRADE NOTICE OF DISCIPLINARY ACTION FILE NO.: CBOT 11-8572-BC MEMBER FIRM: HSBC Securities (USA) Inc. CBOT RULE VIOLATIONS: Rule 526 Block Trades (in part) F. The seller must ensure that each block trade is reported to the Exchange within five minutes of the time of execution; except that block trades in interest rate futures and options executed outside of Regular Trading Hours (7:00 a.m. - 4:00 p.m. Central Time, Monday - Friday on regular business days) must be reported within fifteen minutes of the time of execution. FINDINGS: Pursuant to an offer of settlement in which HSBC Securities (USA) Inc. (“HSBC”), neither admitted nor denied the Rule violations upon which the penalty is based, on March 25, 2014, a Panel of the Chicago Board of Trade Business Conduct Committee (“Panel”) found that on June 3, 2011, HSBC executed a block trade in the September 2011 Five-Year US Treasury Note futures contracts, and failed to report the trade to the Exchange within five minutes. The Panel concluded that HSBC thereby violated CBOT Rule 526.F. PENALTY: In accordance with the settlement offer, the Panel fined HSBC $25,000. EFFECTIVE DATE: March 27, 2014 CME Group 20 South Wacker Drive Chicago, IL 60606 USA 1-800-331-3332 1-312-930-1000 (bjh) NY #<873920.660622.214.171.124.0.76>#
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CBOT DISCIPLINARY ACTION: HSBC SECURITIES FINED $25,000
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