Is IB in deep poo too?

Discussion in 'Interactive Brokers' started by themickey, Aug 17, 2012.

  1. def

    def Sponsor

    The error in the above referenced consolidated financial statements had no effect on reported net income or cash flows.
     
    #21     Aug 19, 2012
  2. Options12

    Options12 Guest

    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.
     
    #22     Aug 19, 2012
  3. 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.
     
    #23     Aug 20, 2012