International derivatives marketplace CME Group has posted a notice of disciplinary action regarding R.J. O’Brien & Associates, LLC.

Pursuant to an offer of settlement in which R.J. O’Brien & Associates, LLC (RJO) neither admitted nor denied the rule violation or factual finding upon which the penalty is based, on June 24, 2025, a Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee found that RJO failed to maintain adequate procedures and controls to detect errors in the calculation of the dollar-weighted average time-to-maturity (DWTTM) of investments of customer segregated and customer secured funds.

As a result, the DWTTM of customer secured investments exceeded the 24-month limit on numerous days from May 3, 2024, through October 21, 2024.

The Panel concluded that RJO thereby violated CME Rule 971.A.

In accordance with the settlement offer, the Panel ordered RJO to pay a $75,000 fine.

The effective date of the disciplinary notice is June 26, 2025.