The historic short squeeze, engineered by a bunch of deeply cynical small traders, exposed just how rigged the market has been…
Business Insider, 21 May 2020
Close to 800,000 people have created new brokerage accounts on 3 out of 4 of America’s top brokerage platforms since the coronavirus pandemic hit the country.
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
Financefeeds, 11 February 2019
Three-time convicted financial felon Peter Zuck used Interactive’s online trading platform in a scheme to defraud New Jersey residents who invested in his Osiris Fund Limited Partnership.
Nasdaq.com, 21 August 2018
A unit of Interactive Brokers Group , Interactive Brokers LLC, has been charged with violations of Regulation SHO and lack of proper supervisory measures. The Financial Industry Regulatory Authority (“FINRA”) has imposed a penalty of $5.5 million on the company.
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.