Company Directory - Interactive Brokers LLC
Company Details - Interactive Brokers LLC
Interactive Brokers LLC
WebsiteGreenwich, United States
Interactive Brokers LLC is a major brokerage firm that provides electronic trading platforms for a wide range of asset classes including stocks, options, futures, forex, bonds, and funds. Primarily serving the United States, the company is known for its advanced technology and low-cost execution, catering to both individual and institutional investors.
CCI Score
CCI Score: Interactive Brokers LLC
-35.87
0.15%
Latest Event
Interactive Brokers DEI Challenges Highlighted on Glassdoor
Employee reviews on Glassdoor reveal that Interactive Brokers has a Diversity, Equity & Inclusion rating of 3.8 out of 5, with a notable decline over the past 12 months. This trend suggests that the firm’s focus on fostering an inclusive work environment is limited, raising concerns about its overall commitment to ethical labor practices.
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TOADIE
Interactive Brokers LLC is currently rated as a Toadie.
Latest Events
- JAN012025
Employee reviews on Glassdoor reveal that Interactive Brokers has a Diversity, Equity & Inclusion rating of 3.8 out of 5, with a notable decline over the past 12 months. This trend suggests that the firm’s focus on fostering an inclusive work environment is limited, raising concerns about its overall commitment to ethical labor practices.
-20
Labor Relations and Human Rights Practices
March 26
The Glassdoor DEI rating of 3.8/5 at Interactive Brokers reflects a perceived lack of emphasis on diversity and inclusion. From an anti-fascist perspective, inadequate DEI practices can contribute to oppressive workplace cultures, undermining worker rights and failing to counter systemic biases.
Interactive Brokers: Diversity, Equity & Inclusion | Glassdoor
- DEC312024
Interactive Brokers LLC was fined $2.25m by FINRA for failing to detect and prevent free-riding in customer cash accounts. This disciplinary action, covering a period from 2015 to 2022, highlights significant deficiencies in the firm's supervisory systems and compliance with regulatory standards, raising concerns about its business practices and ethical responsibility.
-40
Business Practices and Ethical Responsibility
March 26
The imposed $2.25m fine underscores serious lapses in Interactive Brokers' internal controls and ethical business practices. The firm failed to include options in its automated monitoring systems, violating key regulatory requirements. Such systemic supervisory failures not only breach federal regulations but also erode public trust, reflecting negatively on its commitment to ethical responsibilities.
FINRA Fines Interactive Brokers $2.25m for Supervisory Failures
- OCT032024
Interactive Brokers launched forecast contracts trading on upcoming US election outcomes, turning democratic events into tradable financial instruments. This product enables investors to hedge against political volatility, but its commodification of electoral processes raises concerns about the potential for speculative behaviors that may undermine democratic norms.
-10
Public and Political Behavior
March 26
By launching forecast contracts that allow trading on election outcomes, Interactive Brokers is effectively commodifying the democratic process. While the product may offer risk management benefits, treating political events as financial instruments can encourage speculative behavior that undermines the integrity of electoral processes and may indirectly support destabilizing political influence.
Interactive Brokers Introduces Forecast Contracts on Election Outcomes
- OCT032024
Interactive Brokers has introduced political forecast contracts that allow users to bet on election outcomes, a move that commoditizes political events and raises concerns about the integrity of democratic processes.
-50
Public and Political Behavior
March 26
By launching forecast contracts on electoral outcomes, Interactive Brokers is blurring the lines between finance and politics. This initiative not only monetizes political uncertainty but may also undermine confidence in the electoral process, thus fitting into concerns under Public and Political Behavior. Critics argue that such moves favor political speculation which can erode democratic norms and fuel divisiveness.
Interactive Brokers Gets Into Politics With Yes/No Bets On Races
- SEP292023CFTC Orders Interactive Brokers to Pay $20 Million for Recordkeeping and Supervision Failures
-59.21
The Commodity Futures Trading Commission issued an order against Interactive Brokers LLC for failing to maintain and preserve required records and for the widespread use of unapproved communication methods, including by senior management. The firm admitted these shortcomings, which undermined regulatory compliance and internal controls.
-70
Business Practices and Ethical Responsibility
March 26
Interactive Brokers LLC's failure to adhere to required recordkeeping and supervision protocols, as evidenced by the CFTC order, reflects serious deficiencies in its business practices and ethical responsibility. The use of unapproved communication channels, even by senior staff, indicates a systemic disregard for regulatory obligations, eroding accountability and transparency—an environment that can indirectly support authoritarian tendencies by undermining the rule of law.
CFTC Orders Interactive Brokers to Pay $20 Million for Recordkeeping and Supervision Failures
- SEP292023
Interactive Brokers LLC agreed to pay a $35 million penalty following SEC charges for widespread recordkeeping failures, highlighting significant shortcomings in regulatory compliance and ethical business practices.
-50
Business Practices and Ethical Responsibility
March 26
Interactive Brokers LLC's failure to properly maintain electronic communications led to a significant $35 million penalty. This violation of recordkeeping provisions not only undermines regulatory compliance but also reflects poor business practices and ethical responsibility. Such failures may contribute to broader systemic issues by eroding public trust and facilitating an environment where corporate malfeasance can indirectly bolster authoritarian dynamics.
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