Violation Tracker Individual Record

Company: 
Interactive Brokers LLC
Current Parent Company: 
Interactive Brokers Group
Penalty: 
$15,000,000
Year: 
2020
Date: 
August 10, 2020
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Secondary Offense: 
financial institution supervision failures
Violation Description: 

FINRA fined Interactive Brokers LLC $15 million for widespread failures in the firm's anti-money laundering program, which persisted for more than five years.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Connecticut
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
stock brokerage
Notes: 

FINRA is a securities industry self-regulatory body authorized by the federal government.

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.