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IB to pay CFTC fine

by Jim Kharouf

Interactive Brokers (IB) has been ordered to pay $175,000  by Commodity Futures Trading Commission (CFTC) after failing to properly supervise a fraudulent customer account.IB is accused of allowing a Canadian customer, Kevin Steele, to maintain his trading account, which ended up defrauding more than 200 people in Canada, Germany and United...

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