Defendant Name:
Chicago Board Options Exchange, Incorporated
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
CBOE Holdings, Inc
SIC Code:
9999
CUSIP:
12503M10
Document Reference:
34-69726
Document Details
Legal Case Name
In the Matter of Chicago Board Options Exchange, Incorporated and C2 Options Exchange, Incorporated
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 19(h)(1) and 21C of the Securities Exchange Act of 1934, Making Findings and Imposing Sanctions and a Cease-and-Desist Order
Document Date
11-Jun-2013
Document Format
Administrative Proceeding
Allegation Type
Securities Offering
Document Summary
On June 11, 2013, the SEC instituted settled cease-and-desist proceedings against Chicago Board Options Exchange, Incorporated and C2 Options Exchange, Incorporated. According to the SEC: "The Chicago Board Options Exchange ('CBOE' or the 'Exchange') failed to fulfill its fundamental responsibilities as an SRO and exchange. CBOE's failures were not mere oversights or technical violations, but a systemic breakdown in several of its regulatory and compliance responsibilities as an exchange. Not only did it fail to enforce the Commission's rules by not adequately investigating a member firm's compliance with Regulation SHO of the Exchange Act ('Reg. SHO'), CBOE's conduct also interfered with the Commission's Division of Enforcement ('Enforcement Division') staff's Reg. SHO investigation of the same member firm."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Other Compliance Related Undertaking
Various undertakings
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$6,000,000.00
Shared:
Other Defendants in Action:
