BNP Paribas Securities Corp has agreed to pay a fine of $125,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From October 2019 to April 2024, BNP Paribas Securities Corp (BNPS) failed to report 842 over-the-counter (OTC) options positions to the Large Options Positions Reporting (LOPR) system in 167,520 instances in violation of FINRA Rules 2360(b)(5) and 2010.

In addition, from October 2019 to April 2025, BNPS failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA Rule 2360 in violation of FINRA Rules 3110 and 2010.

On top of the $125,000 fine, the firm has agreed to a censure.

BNP Paribas Securities Corp has been a FINRA member since December 1984, and is headquartered in New York, New York. The firm has approximately 1,500 registered representatives among its nine branch offices.

Among other things, the firm engages in market making transactions and brokerage activities, including options transactions, for its customers, which are primarily institutions, other broker-dealers, and affiliates. The firm’s business also includes acting as an intermediating U.S. broker on behalf of its foreign broker-dealer affiliates pursuant to Rule 15a-6 under the Securities Exchange Act of 1934.