CFTC fines futures broker $225,000 over client funds

04/9/2013 | Reuters

The Commodity Futures Trading Commission said Tuesday that Interactive Brokers Group had not calculated clients' funds in segregated accounts at the end of each day for more than three years. The CFTC fined Interactive Brokers $225,000. It was the second time in nine months that the agency has found fault with the management of customer funds by the futures broker. Interactive Brokers said the errors were reported as soon as they were detected and that the segregated funds were never deficient.

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