Article: Interactive Brokers to pay $100,000 fine for allowing convicted felon to trade on its platform

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Interactive Brokers to pay $100,000 fine for allowing convicted felon to trade on its platform

Maria Nikolova

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.

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Article: Interactive Brokers Unit Faces Fine for Naked Short Selling

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Interactive Brokers Unit Faces Fine for Naked Short Selling

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.

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

Article - Media

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.