New disclaimer from IB

Discussion in 'Interactive Brokers' started by trader07, Jun 20, 2007.

  1. Youse guys gotta stop apologizing for IB.

    Yours truly,

    Bonafide Italiano
     
    #31     Jun 24, 2007
  2. Bob111,

    What specifically is wrong with your cash balances and positions?

    I seem to have a problem with futures p&L, and with marking of option positions.

    I assumed this would be self-correcting over a period of time but I haven't really checked it out to see.

    What I don't like is that the daily reports are not as clear as they could be. My p&L seems to jump around at odd times---I usually just look at the net liq. which seems to be off sometimes.

    I also own some IB private placement notes and I am letting them run off as I do not like IB's exposure to PM.

    And....BTW SIPC coverage is $500k--with a limit of $100k on cash. MMF's are considered securities but your cash at IB isn't in a MMF.

    Note also that SIPC coverage applies "over and above" anything returned to you in a broker bankruptcy.
     
    #32     Jun 24, 2007
  3. Bob111

    Bob111

    check your PM
     
    #33     Jun 24, 2007