Chapter 1 — Application of Rules

Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Clearing House, where the Clearing House has Determined the Clearing Member to be Liable Mandatory minimum penalty imposable by the DC
Rule Chapter/Number Brief Description of Rule 1st Violation 2nd Violation 3rd Violation
Chapter 1 — Application of Rules
1.01.5 Clearing Member not to operate an account for a person unless such person has been notified of the provisions under this Rules Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A.

Added on 16 May 201116 May 2011.