Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 146

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 146
---
 material administrative,
civil, enforcement, or criminal complaints or actions filed against StoneX Financial Inc. – FCM Division (f/k/a INTL FCStone
Financial Inc. - FCM Division) where such complaints or actions have not concluded and any material enforcement actions or complaints
filed against the StoneX Financial Inc. - FCM Division in the past three years.

| ● | On October 18, 2023, a subcommittee of the Exchange’s Business Conduct Committee (“BCC”)                                                
 determined that StoneX Financial Inc. (“StoneX”) may have violated Exchange Rules 4.15(a), 4.15(b), and 4.15(c)                         
 by failing to include a unique ID for Registered Operators on certain orders and trades it transmitted to the Exchange. For             
 a period of over four years, from February 2018 through the beginning of August 2022, StoneX, acting as a Futures Commission            
 Merchant, failed to assign, register, and populate unique IDs (Tag 116) for an extensive number of orders placed and traded             
 on the Exchange. Specifically, certain customers using a third-party front-end trading software were inappropriately assigned           
 the same generic ID for Tag 116 on orders and trades placed on the Exchange. The BCC further determined that StoneX may have            
 additionally violated Rule 4.01(a) by failing to diligently supervise the accurate registration of unique IDs for customers;            
 and 4.01(b) by failing to establish, administer, and enforce supervisory systems, policies, and procedures that are reasonably designed 
 to achieve compliance with Exchange Rules. StoneX was issued a fine of $300,000.                                                        |

| ● | During the delivery period for the September 2023 COMEX Aluminum (ALI) futures contract, StoneX Financial,                      
 Inc. failed to accurately report the delivery notices (DN) in its large trader position files for the applicable trade dates in 
 several instances in violation of Rule 561. On November 15, 2023, pursuant to Rule 512, a fine in the amount of $5,000 was      
 assessed again StoneX Financial Inc. for its violations of Rule 561.                                                            |

| ● | Pursuant to an offer of settlement in which StoneX neither admitted nor denied the rule violations                                
 or factual findings upon which the penalty is based, on November 15, 2023, a Panel of the Chicago Mercantile Exchange (“CME”)     
 Business Conduct Committee (“Panel”) found that from