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.)
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