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Old Aug 19th, 2012, 09:46 AM   #19
Ghost of Cutten
 
 
Join Date: Aug 2009
Posts: 2,869
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Quote from tradefreak:

Interactive Brokers Group, Inc. Receives NASDAQ Notice of Non-Compliance with Listing Rules - 8/17/2012

Read more at http://www.virtual-strategy.com/2012...6mBTQ2cWHOK.99
Not good. Any IB comment on this?
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Old Aug 19th, 2012, 09:55 AM   #20
Options12
 
 
Join Date: Sep 2011
Posts: 550
Quote:
Quote from Ghost of Cutten:

Not good. Any IB comment on this?
They've said that their restatement of prior financials may extend to earnings per share calculations.

The Company is in the process of completing an analysis of the restatement issues and believes that for certain prior periods reported earnings per share will be impacted.

http://www.sec.gov/Archives/edgar/da...onreliance.htm

While this accounting error does not affect the financial stability of the group including the brokerage, IBKR shareholders who bought prior to June 2012 may want to follow this issue closely.
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Old Aug 19th, 2012, 10:24 AM   #21
def
Interactive Brokers
 
Join Date: Dec 1999
Location: hong kong
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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.
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Old Aug 19th, 2012, 02:13 PM   #22
Options12
 
 
Join Date: Sep 2011
Posts: 550
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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.
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Old Aug 20th, 2012, 01:56 PM   #23
Ghost of Cutten
 
 
Join Date: Aug 2009
Posts: 2,869
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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.
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