All Options Clearing Corporation articles
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News Brief
SEC, CFTC order Options Clearing Corp. to pay $22M over internal rule failures
Options Clearing Corp. agreed to pay $22 million as part of settlements with the Securities and Exchange Commission and Commodity Futures Trading Commission addressing charges the company failed to comply with internal rules to manage risks.
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Article
Options Clearing Corp. appoints chief risk officer
The Options Clearing Corporation, a derivatives clearing organization, announced the appointment of David Ye as chief risk officer and a member of its management committee.
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Article
Options Clearing Corp. promotes chief compliance officer
Options Clearing Corp., the world’s largest equity derivatives clearing organization, announced the promotion of Jennifer Baum to senior vice president and chief compliance officer.
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Article
Options Clearing Corp. fined $20M over risk policies
Options Clearing Corp. will pay a combined $20 million in penalties to the SEC and CFTC to settle charges that it failed to implement certain risk management policies as required by U.S. laws and regulator rules.
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Article
Richard Wallace: Failure is not an option
Thanks to the work of CFO Richard Wallace and an enterprise-wide effort to build a world-league compliance program, the Options Clearing Corp. doesn’t strive to just meet current regulatory requirements, it lives by a set of internal expectations that exceeds the mandatory.