OptionsXpress Holdings Inc.’s chief executive said the company followed all required procedures for a big special dividend to be paid under rules that confused many investors.
The Chicago brokerage’s shares dipped as much as 14 percent before the open last Tuesday as investors wrongly thought that holding shares through the previous day, the so-called “record” date of Dec. 13, would entitle them to the $4.50 per-share payout. Get the full story »
