• Interactive Brokers to pay $100,000 fine for allowing convicted felon to trade on its platform


    Online trading major Interactive Brokers LLC has agreed to pay a $100,000 fine to resolve a New Jersey Bureau of Securities investigation related to a financial scam perpetrated on Interactives online trading platform. The Division of Consumer Affairs and the Bureau of Securities today made the relevant announcement. The scam was run by three-time convicted financial felon Peter Zuck who used Interactive Brokerss online trading platform in a scheme to defraud investors in his Osiris Fund Limited Partnership. The Bureau has found that Zuck was able to open at least 16 accounts on the Interactive Brokers platform ... (full story)