Options Clearing Corp. to Pay $20 Million to SEC, CFTC

The central clearinghouse serving as a backstop for trades in the options market has agreed to pay a $20 million fine and strengthen its compliance programs to settle U.S. regulatory investigations, according to people familiar with the matter.

Options Clearing Corp. will pay the penalty to two of its regulators, the Securities and Exchange Commission and the Commodity Futures Trading Commission, the people said. The settlement, which could be announced as soon as this week, will close one chapter in a period of turbulence…

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