Barclays Capital Inc has agreed to pay a $2.5 million fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
The settlement concerns alleged violations of FINRA rules regarding reporting to the LOPR.
FINRA requires member firms to report large options positions to the the Large Options Positions Reporting (LOPR) system. FINRA uses LOPR information to identify holders of large options positions and to surveil for potentially manipulative behaviour, including attempts to corner the market in the underlying equity, leverage an option position to affect the price, or move the underlying equity to change the value of a large option position.
FINRA…
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