According to FINRA’s Disciplinary and Other Actions publication, FINRA censured and fined Interactive Brokers LLC (CRD #36418). On October 18, 2017, an Acceptance Waiver and Consent (“AWC”) was issued in which the firm was censured and fined a total of $70,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that the firm failed to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable securities laws and regulations regarding the use of intermarket sweep orders. FINRA found that given the recurring nature of the violations from January 2015 through December 2015, the firm’s supervisory system was inadequate. (FINRA Case #2014041235404).
Hanley law represents individual investors nationwide with significant losses in their portfolios, retirement plans or investment accounts. The firm is dedicated to assisting investors to recover losses suffered by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. The firm handles cases against the major Wall Street broker dealers, including Interactive Brokers.
Let Hanley Law work for you. Call (239) 649-0050 or contact the firm through our Website to arrange a free confidential consultation with an attorney to discuss your experiences with your stock broker which resulted in investment losses.