So is this an anti-IB scam?

Ok. looks like this is the guy involved.

http://www.cftc.gov/opa/enf05/opa5080-05.htm

 

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.

 

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

 

There are OldTrader's and Bold Traders.

But there are no Old Bold Traders.

 

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.

 

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.

 

Says who? Tell it to Boone Pickens, 70+, who made $1.5Billion last year.

OldTrader

 

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.