The Securities and Exchange Commission Thursday said it started a second administrative proceeding involving trading on optionsXpress, the online brokerage purchased last fall by The Charles Schwab Corporation.

An order filed by the federal regulator charged that a Chicago securities dealer whose chief financial officer was a one-time chief financial officer of optionsXpress calls for a hearing into whether that dealer continued to trade as a customer account under optionsXpress’s auspices, after delisting itself from the only market of which it was a member, the Chicago Board Options Exchange.

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