OFAC Settlement with TradeStation Securities, Inc.

OFAC Recent Actions

Filed March 17th, 2026

Detected March 18th, 2026

Summary

The Office of Foreign Assets Control (OFAC) announced a settlement with TradeStation Securities, Inc. for $1,110,661 to resolve 481 apparent sanctions violations related to services provided to individuals in Iran, Syria, and Crimea. The settlement reflects the non-egregious nature of the violations and voluntary self-disclosure.

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What changed

OFAC has settled with TradeStation Securities, Inc. for $1,110,661, resolving 481 apparent violations of U.S. sanctions programs. These violations stemmed from TradeStation providing brokerage and investment services to individuals located in Iran, Syria, and Crimea between June 2021 and June 2022. OFAC determined the conduct to be non-egregious and noted that TradeStation voluntarily self-disclosed the violations.

This settlement serves as a reminder for financial institutions to maintain robust compliance programs to prevent facilitating services to sanctioned jurisdictions or individuals. While TradeStation's settlement amount was reduced due to voluntary self-disclosure and non-egregious conduct, failure to comply with OFAC sanctions can result in significant civil penalties. Regulated entities should review their customer onboarding and transaction monitoring processes to ensure compliance with all applicable sanctions programs.

What to do next

Review customer onboarding and transaction monitoring processes for compliance with OFAC sanctions.
Ensure systems are in place to identify and block services to sanctioned jurisdictions and individuals.
Consult OFAC guidance on voluntary self-disclosure for potential penalty mitigation.

Penalties

$1,110,661 civil monetary penalty

Source document (simplified)

Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and TradeStation Securities, Inc.

03/17/2026 The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced that TradeStation Securities, Inc. has agreed to pay $1,110,661 to settle its potential civil liability for 481 apparent violations of OFAC sanctions programs arising from TradeStation’s provision of brokerage and investment services to persons in Iran, Syria, and Crimea, between June 2021 and June 2022. The settlement amount reflects OFAC's determination that TradeStation's conduct was non-egregious and was voluntarily self-disclosed. For more information, please visit the following Enforcement Release.