Is IB in deep poo too?

[def]

Quote from Ghost of Cutten:

Not good. Any IB comment on this?

The error in the above referenced consolidated financial statements had no effect on reported net income or cash flows.

 

[Options12]

Quote from def:

The error in the above referenced consolidated financial statements had no effect on reported net income or cash flows.

Def, you might want to add that the error may have an effect on IBKR's previously reported permanent equity and earnings per share.

I think that the sooner you get this error explained to the public in a complete and plain manner, the less likely it will be that the restated financials will result in negative fallout.

Good luck and I mean that.

 

[Ghost of Cutten]

Quote from Options12:

Def, you might want to add that the error may have an effect on IBKR's previously reported permanent equity and earnings per share.

I think that the sooner you get this error explained to the public in a complete and plain manner, the less likely it will be that the restated financials will result in negative fallout.

Good luck and I mean that.

Yep. I don't feel it compromises my account safety if IBKR earned a couple of pennies less each quarter because of some GAAP restatement. But if it's some other reason...well, that would be more troublesome. Anyway, good to see it cleared up here soon after the question was asked.