Financial Services Financial Services

Comment: Leading US options clearinghouse continues to draw regulatory fire for lax management

By Neil Roland
  • 06 Mar 2023 17:29
  • 06 Mar 2023 18:57
Options Clearing Corp.’s $22 million regulatory fine last month shows that the main clearinghouse for US stock-options trading is still struggling to fix all the legal, compliance and management problems that have vexed it for a decade.
The penalty was imposed as the Chicago-based clearinghouse overhauls its 20-year-old technology and

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Neil Roland

Senior Correspondent


Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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