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Interactive Brokers LLC

Interactive Brokers LLC (CRD #36418, Greenwich, Connecticut) received a censure and fine of $12,500. According to the findings, the firm exercised a short sale transaction for a customer in NNM securities, at or below the current inside bid, when the current inside bid was below the preceding inside bid in each of the securities. The findings also stated that the firm executed certain short sale orders for a customer in securities. Apparently, the firm failed to make an affirmative determination prior to executing such transactions for the customer. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS010065)

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