33-10206

optionsXpress, Inc. and Jonathan I. Feldman (Corrected Order Dismissing Proceeding as to Jonathan I. Feldman and Imposing Remedial Sanctions as to optionsXpress, Inc.)

Last amended: 2016Year: 2016Length: 286 wordsOfficial source

Cite as Securities Act Release No. 33-10206

UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES ACT OF 1933 Release No. 10206 / September 13, 2016 SECURITIES EXCHANGE ACT OF 1934 Release No. 78821 / September 13, 2016 ADMINISTRATIVE PROCEEDING File No. 3-14848 In the Matter of OPTIONSXPRESS, INC. and JONATHAN I. FELDMAN CORRECTED ORDER DISMISSING PROCEEDING AS TO JONATHAN I. FELDMAN AND IMPOSING REMEDIAL SANCTIONS AS TO OPTIONSXPRESS, INC. On the basis of the Commission’s opinion issued on August 18, 2016, and upon consideration of the agreed motion to correct the judgment, it is: ORDERED that this proceeding is hereby dismissed as to Jonathan I. Feldman; and it is further ORDERED that optionsXpress, Inc., cease and desist from committing or causing any violations or future violations Rule 204 of Regulation SHO of the Securities Exchange Act of 1934; and it is further ORDERED that optionsXpress, Inc., pay $1,574,599 in disgorgement, plus prejudgment interest of $482,120, such prejudgment interest calculated beginning from November 1, 2008, in accordance with Commission Rule of Practice 600; and it is further ORDERED that optionsXpress, Inc., pay a civil money penalty in the amount of $2,000,000. Payment of the amounts to be disgorged and the civil money penalties shall be: (i) made by United States postal money order, certified check, bank cashier’s check, or bank money order; (ii) made payable to the Securities and Exchange Commission; (iii) mailed to Enterprises 2 Services Center, Accounts Receivable Branch, HQ Bldg., Room 181, 6500 South MacArthur Blvd., Oklahoma City, OK 73169; and (iv) submitted under cover letter that identifies the respondent and the file number of this proceeding. The agreed motion to stay payment by optionsXpress pending correction is DENIED as unnecessary. By the Commission Brent J. Fields Secretary
33-10206: optionsXpress, Inc. and Jonathan I. Feldman (Corrected Order Dismissing Proceeding as to Jonathan I. Feldman and Imposing Remedial Sanctions as to optionsXpress, Inc.) | Justis AI