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Broker Complaints: Interactive Brokers LLC (CRD# 36418)

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the Connecticut-based broker-dealer firm Interactive Brokers LLC (CRD# 36418).

Formed in Connecticut in 1998, Interactive Brokers LLC is headquartered in Greenwich, Connecticut and registered in 52 US states and territories. Thomas Pechy Peterffy is Chief Executive Officer and President; Jonathan Chait is Executive Vice President and Chief Operating Officer; Arnold Feist is Chief Compliance Officer; Alexander Ioffe is Chief Financial Officer.

According to the firm’s BrokerCheck report, Interactive Brokers LLC is the subject of 28 regulatory sanctions and 16 customer complaints that evolved into arbitration.

In 2013 a customer alleged Interactive Brokers LLC breached its fiduciary duty, breached contract, misrepresented and omitted material facts related to an investment, and acted negligently. The complaint resulted in an award to the customer of more than $2,421,663.

In 2013 a customer alleged Interactive Brokers LLC breached its fiduciary duty, breached contract, misrepresented and omitted material facts related to an investment, churned the customer’s account, failed to supervise its representatives, acted negligently, and made margin calls. The complaint resulted in an award to the customer of more than $1,209,600.

In 2013 a customer alleged Interactive Brokers LLC breached its fiduciary duty, breached contract, and engaged in negligence. The complaint resulted in an award to the customer of $137,000.

In 2012 a customer alleged Interactive Brokers LLC breached its fiduciary duty, breached contract, misrepresented and omitted material facts related to an investment, churned the customer’s account, made unauthorized trades, sold unsuitable investments, failed to supervise its representatives and engaged in manipulation and negligence. The complaint resulted in an award to the customer of $100,000.

In 2012 a customer alleged Interactive Brokers LLC misrepresented and omitted material facts related to an investment, failed to supervise its representatives, and acted negligently. The complaint resulted in an award to the customer of more than $56,000.

In 2012 a customer alleged Interactive Brokers LLC breached its fiduciary duty, breached contract, misrepresented material facts related to an investment, and acted negligently. The complaint resulted in an award to the customer of $800,000.

In 2012 a customer alleged Interactive Brokers LLC breached contract, misrepresented and omitted material facts related to an investment, failed to supervise its representatives, and acted negligently. The complaint resulted in an award to the customer of more than $666,600.

In 2011 a customer alleged Interactive Brokers LLC breached contract and acted negligently. The complaint resulted in an award to the customer of more than $18,800.

In 2007 a customer alleged Interactive Brokers LLC failed to execute transactions as directed by the customer. The complaint resulted in an award to the customer of $10,425.

If you have lost money investing with Interactive Brokers LLC, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover your losses. All cases are taken on a contingency basis, which means Fitapelli Kurta only gets paid if and when you recover money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.