Article: Interactive Brokers Fined $5.5 Million for Naked Short Selling Violations

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Interactive Brokers Fined $5.5 Million for Naked Short Selling Violations

Alexander Osipovich

The Wall Street Journal, 20 August 2018

A unit of Interactive Brokers Group Inc., one of the largest U.S. retail brokerages, has been fined $5.5 million over allegations that it broke federal rules on the “naked” short selling of stocks thousands of times over a three-year period.