Interactive Brokers

Interactive Brokers is a financial services group that offers a range of brokerage services, including access to global markets, trading tools, and investment services for individual and institutional investors.

CCI Score

-25.38

0.01% April 18

Latest Event

Interactive Brokers Launches Political Forecast Contracts

Interactive Brokers unveiled a suite of Forecast Contracts on its trading platform, which include markets on presidential outcomes. In a snapshot taken on November 5, 2024, the platform showed a 59% chance for a Trump victory. The product allows traders to hedge against political volatility by speculating on the outcome of elections, without the firm explicitly endorsing any political candidate.

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ACCOMPLICE

Interactive Brokers is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

NOV

05

2024

Interactive Brokers Launches Political Forecast Contracts
0.00

Interactive Brokers unveiled a suite of Forecast Contracts on its trading platform, which include markets on presidential outcomes. In a snapshot taken on November 5, 2024, the platform showed a 59% chance for a Trump victory. The product allows traders to hedge against political volatility by speculating on the outcome of elections, without the firm explicitly endorsing any political candidate.
+0

Public and Political Behavior

April 8

While the introduction of political forecast contracts coincides with market data that currently favors Trump, Interactive Brokers is providing a neutral trading platform enabling hedging against political volatility. The product does not amount to an explicit endorsement of any candidate, and thus it registers a neutral impact on public and political behavior from an anti-fascist perspective.

Interactive Brokers election bettors give Trump the edge - Investment News
OCT

15

2024

Interactive Brokers Launches Election Prediction Markets
0.00

Interactive Brokers, in partnership with Kalshi, introduced presidential election prediction contracts ahead of the 2024 U.S. presidential race. The new markets aim to offer traders and investors a tool to hedge political risks and gauge electoral outcomes, while critics warn of potential manipulation risks, though no direct evidence of unethical influence has been observed.
+0

Public and Political Behavior

April 8

The launch of election prediction contracts places Interactive Brokers in the political arena by offering a platform that enables market-based insights into electoral outcomes. While there is potential for these markets to counteract misinformation and provide alternative political data, concerns have been raised about possible manipulation. There is no direct indication that the company is engaging in activities that support authoritarian influence, resulting in a net neutral impact under the Public and Political Behavior category.

Kalshi, Interactive Brokers election prediction markets: How ... - CNBC
OCT

03

2024

Interactive Brokers Launches Political Forecast Contracts
9.47

Interactive Brokers Group Inc. has introduced forecast contracts that allow users to place yes/no bets on political outcomes, including the presidential race and control of the US Senate, marking its deeper foray into political markets.
+10

Public and Political Behavior

April 8

The launch of forecast contracts on key political outcomes represents an active engagement in the political sphere by providing tools for market-based predictions. While this move can increase public participation by quantifying political sentiment, it also risks reducing serious democratic discourse to a commodity. Nonetheless, it does not directly support authoritarian or fascist ideologies, resulting in a modestly positive score.

Interactive Brokers Gets Into Politics With Yes/No Bets on Races
SEP

29

2023

CFTC Penalty for Recordkeeping Failures
-42.80

Interactive Brokers was ordered by the CFTC to pay a $20 million civil monetary penalty after failing to maintain and preserve required records and supervise business communications, including the use of unapproved methods.
-50

Business Practices and Ethical Responsibility

April 8

Interactive Brokers’ failure to adhere to fundamental recordkeeping and supervisory protocols, as evidenced by the CFTC order and resultant $20 million penalty, reflects significant shortcomings in business practices and ethical responsibility. This breach undermines corporate accountability and transparency, key elements in resisting authoritarian practices.

CFTC Orders Interactive Brokers to Pay $20 Million for Recordkeeping and Supervision Failures
SEP

29

2023

SEC Charges Interactive Brokers for Recordkeeping Failures
-42.80

On September 29, 2023, the SEC charged Interactive Brokers along with several other firms for widespread failures in maintaining and preserving mandated electronic communications and failing to properly supervise employees, thus violating critical recordkeeping provisions under federal securities laws. The charges have led to financial penalties, cessation orders, and the appointment of independent compliance consultants.
-50

Business Practices and Ethical Responsibility

April 8

The SEC charges highlight significant shortcomings in Interactive Brokers' ethical business practices and regulatory compliance. Failing to maintain proper recordkeeping and adequate employee supervision represents a disregard for established legal and ethical standards, undermining corporate accountability.

SEC Charges 10 Firms with Widespread Recordkeeping Failures