So is this an anti-IB scam?

Seems like everyone here is trying to go to the websites posted right now as I can't get through. :) Thanks for sharing the info.
 
Hey kiwi, more likely the shmuck that sent you the email will wind up in jail ,than IB gets shut down on this nonsense.
 
Quote from zero-loss:

>> look at this board i bet 60% of this board has at least 1 ib account

I thought so too...but from the pdf it looks like IB is a small time shop only 3000 or so customers !
this board has 50k + registered users..60% is pretty big
or am I reading the pdf file wrong..also the total assets less than 100 mil makes me think that IB is not that big after all.
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Zero .... Those numbers are for the types of accts stated- only.

Here are IB's financials. Or... go look up their SEC filings.

http://www.interactivebrokers.com/en/general/about/financials.php?ib_entity=llc\

... rj
 
The guy comparing this to Refco isn't even close. IB isn't going out of business, not going to be shut down. A small fine perhaps, at most.

OldTrader
 
Quote from OldTrader:

The guy comparing this to Refco isn't even close. IB isn't going out of business, not going to be shut down. A small fine perhaps, at most.

OldTrader
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There are OldTrader's and Bold Traders.

But there are no Old Bold Traders.
 
Quote from stock777:

Hey kiwi, more likely the shmuck that sent you the email will wind up in jail ,than IB gets shut down on this nonsense.
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The person who sent it to me is a happy ib customer --- I see it more like one of those virus hoaxes that well intentioned people sometimes send on so I thought I'd put in out in the open so that it could be addressed.

So far the consensus seems to support the view I'd suspected.
 
Quote from local_crusher:

agree with 2cents.

to make the long pdf short - IB had a rogue advisor customer who probably scammed/cannibalized his customers;
the total nominal amount was $7mln, the damage to advisor's customers probably a fraction of this

the doc states the max penalty - 250.000 USD, small change for IB

A statement from IB would be nice & calm the situation down.

The e-Mail looks like some form of scam because IB cannot become the next Refco, remember the Universal Acct balance sweep, the account is insured.
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That's $250,000 for each violation found. So max is $750K. (3 violation counts)

However, there's also the option of censure or reprimand.

There's no way IB will lose their NFA membership. Nor have it suspended. Neither would a cease and desist order be imposed. Infractions haven't reached the kind of level to warrant such actions.
 
Quote from stock777:

There are OldTrader's and Bold Traders.

But there are no Old Bold Traders.
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Says who? Tell it to Boone Pickens, 70+, who made $1.5Billion last year.

OldTrader
 
Quote from kiwi_trader:

The person who sent it to me is a happy ib customer --- I see it more like one of those virus hoaxes that well intentioned people sometimes send on so I thought I'd put in out in the open so that it could be addressed.

So far the consensus seems to support the view I'd suspected.
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I was of course referring to the original author of the email, whomever it may be.

I would think every major and minor brokerage has incidents like this. I'm sure old Goldie Sax has a file a mile high.
 
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