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Specterx

Registered: Dec 2007
Posts: 1126

07-16-12 07:45 PM

My platform flagged the IBKR symbol today (at least, I noticed it today) for being "delinquent."

I've never seen this before, did a quick web search and it appears IBKR has failed to properly file certain documents with the SEC and/or Nasdaq: https://listingcenter.nasdaqomx.com...fOpenReport.pdf

"906" and "302" certification means that the CEO and CFO have failed to certify the company's financial reports as being truthful and accurate.

It's mildly concerning to say the least that IB - which appears to be the only remaining trustworthy broker - is having compliance issues. Is this something to be worried about?

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western

Registered: Mar 2008
Posts: 157

07-16-12 08:08 PM

On May 15 2012, IB said it couldn't file its 10-q on time due to a technical accounting issue and they were waiting to hear back from the SEC on how to proceed. That is likely the reason why the ceo and cfo havn't cerfiied yet. Seems like a nonsignificant issue to me but read for yourself.

http://www.sec.gov/Archives/edgar/d...00037-index.htm

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vicirek

Registered: Dec 2011
Posts: 345

07-16-12 08:28 PM

I think it is significant. Technical difficulties mean some bigger underlying problem and it is of concern for brokerage firm. PFG had technical difficulties for 20 years and it was possible to hide.

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atticus

Registered: Mar 2007
Posts: 12600

07-16-12 09:09 PM

Quote from vicirek:

I think it is significant. Technical difficulties mean some bigger underlying problem and it is of concern for brokerage firm. PFG had technical difficulties for 20 years and it was possible to hide.

lol to PFG. A two-bit non-clearing FCM vs. a publicly-traded equity B/D and clearing FCM. If we want your opinion we'll give it to you.

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icarus618

Registered: Mar 2001
Posts: 987

07-16-12 09:20 PM

Quote from atticus:

* * * vs. a publicly-traded equity B/D and clearing FCM. * * *

You mean like MF Global?

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failed_trad3r

Registered: Oct 2009
Posts: 1607

07-16-12 09:25 PM

OMG I am getting my money out NOW.. or maybe???????

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