Category: Enforcement

Interactive Brokers Violation Tracker

Parent Company Name: Interactive Brokers Group
Ownership Structure: publicly traded (ticker symbol IBKR)
Headquartered in: Connecticut
Major Industry: financial services
Specific Industry: stock brokerage
Penalty total since 2000: $1,256,000
Number of records: 5

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02/28/202005/13/2020

Fined: ACS Execution Services, LLC Fined by FINRA

ACS Execution Services, LLC Fined by FINRA

An AWC was issued in which the firm was censured and fined $75,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it reported ROEs to OATS that contained inaccurate, incomplete or improperly formatted data with respect to order events timestamped in milliseconds.

02/28/202005/07/2020

Suspended: Jody Ethan Thompson Suspended by FINRA

Jody Ethan Thompson Suspended by FINRA

An AWC was issued in which Thompson was suspended from association with any FINRA member in all capacities for five months. In light of Thompson’s financial status, no monetary sanction has been imposed. Without admitting or denying the findings, Thompson consented to the sanction and to the entry of findings that he recommended several non-public offerings without having a reasonable basis to believe those transactions were suitable.

02/28/202005/07/2020

Suspended: Matthew Duane Sibley Suspended by FINRA

Matthew Duane Sibley Suspended by FINRA

An AWC was issued in which Sibley was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for six months. Without admitting or denying the findings, Sibley consented to the sanctions and to the entry of findings that he negligently misrepresented his member firm’s ability to deliver corporate bonds that were not owned by the firm and that it ultimately failed to deliver to the buyer.

02/28/202005/07/2020

Suspended: Kenton Christopher Crabb suspended by FINRA

Kenton Christopher Crabb suspended by FINRA

An AWC was issued in which Crabb was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for six months. Without admitting or denying the findings, Crabb consented to the sanctions and to the entry of findings that he willfully failed to amend or timely amend his Uniform Application for Securities Industry Registration or Transfer forms (Form U4) to disclose federal and state tax liens totaling nearly $1.7 million.

Suspended: Paul Anthony Falcon Suspended by FINRA

Paul Anthony Falcon Suspended by FINRA

An AWC was issued in which Falcon was fined $5,000 and suspended from association with any FINRA member in all capacities for 30 days. Without admitting or denying the findings, Falcon consented to the sanctions and to the entry of findings that he used an unapproved third-party communication application to conduct securities-related business with customers of his member firm.

Suspended: Terrence Edward Bonk Suspended by FINRA

Terrence Edward Bonk Suspended by FINRA

An AWC was issued in which Bonk was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in all capacities for nine months. Without admitting or denying the findings, Bonk consented to the sanctions and to the entry of findings that he borrowed $8,000 from a customer of his member firm without notifying or obtaining prior written approval from the firm.

Barred: Joseph Morris Thurnherr Barred by FINRA

Joseph Morris Thurnherr Barred by FINRA

An AWC was issued in which Thurnherr was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Thurnherr consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with an investigation into allegations set forth in a customer-initiated arbitration against him.

Barred: Boris Skorodumov Barred by FINRA

Boris Skorodumov Barred by FINRA

An AWC was issued in which Skorodumov was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Skorodumov consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony or otherwise cooperate with FINRA’s investigation into Form U5 disclosures made by his member firms.

Barred: John Clifford Park Barred by FINRA

John Clifford Park Barred by FINRA

An AWC was issued in which Park was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Park consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with an investigation it began after it received his member firm’s Form U5.

02/24/202005/07/2020

Suspended: Pedro Perez-Riu Suspended by FINRA

Pedro Perez-Riu Suspended by FINRA

An AWC was issued in which Perez-Riu was fined $5,000 and suspended from association with any FINRA member in all capacities for 10 business days. Without admitting or denying the findings, Perez-Riu consented to the sanctions and to the entry of findings that he caused traders under his supervision at his member firm to execute non-bona fide fixed income transactions.

02/19/202005/07/2020

Barred: Paolo Assumpcao Monaco Barred by FINRA

Paolo Assumpcao Monaco Barred by FINRA

An AWC was issued in which Monaco was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Monaco consented to the sanction and to the entry of findings that he refused to appear for onthe-record testimony or otherwise cooperate with FINRA’s investigation into a disclosure reported on a Uniform Termination Notice for Securities Industry Registration (Form U5) submitted by his member firm.

02/18/202005/13/2020

Fined: Wedbush Securities Inc. Fined by FINRA

Wedbush Securities Inc. Fined by FINRA

An AWC was issued in which the firm was censured and fined $30,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to transmit Reportable Order Events (ROEs) to OATS due to system issues that arose during its transition between third-party order management systems. The findings stated that due to the same system issues, the firm transmitted ROEs containing inaccurate, incomplete, or improperly formatted data to OATS.

02/18/202005/13/2020

Fined: Morgan Stanley & Co. LLC Fined by FINRA

Morgan Stanley & Co. LLC Fined by FINRA

An AWC was issued in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it permitted individuals who were employed by a foreign affiliate of the firm to effect transactions in a firm proprietary account without requiring the individuals to pass the Series 57 examination and become qualified and registered as Securities Traders.