SEC Charges 10 Firms with Widespread Recordkeeping Failures; Interactive Brokers Corp. And Affiliate Interactive Brokers LLC(Together, Interactive Brokers) Agreed To Pay A $35M Penalty
Portfolio Pulse from Benzinga Newsdesk
The SEC has charged 10 firms, including Interactive Brokers Corp. and its affiliate Interactive Brokers LLC, with widespread recordkeeping failures. Interactive Brokers has agreed to pay a $35M penalty.
September 29, 2023 | 1:20 pm
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Interactive Brokers has been charged by the SEC for recordkeeping failures and has agreed to pay a $35M penalty.
The SEC's charges and the subsequent penalty could negatively impact Interactive Brokers' reputation and financials in the short term. This could lead to a decrease in the company's stock price.
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