Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 218

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 218
---
, and reputation.

Clearing Brokers

StoneX Financial Inc. – FCM Division (f/k/a INTL FCStone Financial Inc. - FCM Division) (“StoneX”) serves as the Fund’s clearing brokers (the “Clearing Broker”) to execute and clear the Fund’s futures transactions and provide other futures brokerage-related services. The Clearing Broker is registered as an FCM with the CFTC, is a member of the National Futures Association (“NFA”) and is a clearing member of all major U.S. futures exchanges. The Clearing Broker is also a registered as broker-dealer with the SEC and is a member of FINRA

Except as indicated below, there have been no material civil, administrative, or criminal proceedings pending, on appeal, or concluded against the Clearing Brokers or their principals in the past five (5) years.

Litigation Disclosure for StoneX. Listed below are 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                                                                                            
 March 16, 2023, the Clearing House Risk Committee at CME Group found that StoneX Financial,   
 Inc. violated Customer Gross Margining Technical Overview Requirements and CME Rule 980.G.    
 Pursuant to an offer of settlement in which StoneX Financial, Inc. neither admitted nor       
 denied the rule violations upon which the penalty is based, the Clearing House Risk Committee 
 imposed a $100,000.00 fine which was effective on March 16, 2023.                             |

| ● | On                                                                                           
 January 20, 2023, the Clearing House Risk Committee at CME Group found that StoneX Financial 
 Inc. violated CME Rules 930.A and 930.F. Pursuant to an offer of settlement in which         
 StoneX Financial, Inc. neither admitted nor denied the rule violations upon which the        
 penalty is based, the Clearing House Risk Committee imposed a $50,000 fine which was         
 effective on January 20, 2023.                                                               |

| ● | On                                                                                           
 December 15, 2022, the Market Regulation Department of CME notified StoneX Financial         
 Inc. (“SFI”) that it was conducting a formal investigation into block