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UBS fined for option reporting failures

FINRA HQ
Photo: Getty Images

Thomas Hyrkiel

1 min read
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FINRA fine and censure a result of uncorrected OTC reporting and supervisory failures at UBS spanning over a decade.

FINRA requires firms to report large options positions to the Large Options Positions Report (LOPR) in order to try to prevent potential market manipulation attempts such as cornering the market or improperly changing the price of the underlying equity.

The alleged issues at UBS involved the failure to report 436,000

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