optionsXpress, Inc. – a subsidiary of The Charles Schwab Corporation  – agreed to pay a fine of US $165,000 to the Financial Industry Regulatory Authority to resolve a disciplinary action related to the firm’s failure to adjust the number of shares on open orders to reflect dividends, payments or distributions prior to executing or permitting the orders to be executed, at various times from September 11, 2006, through October 28, 2013. The firm was also sanctioned for not advising its customers that it had a practice of failing to adjust customer orders, as well as for supervisory violations. optionsXpress self-reported its violations to FINRA and corrected the violative activity prior to the termination of the investigation that gave rise to the FINRA disciplinary action.