Tag: Australia margin lending

December 16, 2014 BY LeapRate Staff

Interactive Brokers hit by ASIC for $1.6 million for margin lending to Australian traders

The long arm of Australian law... Australia's financial regulator ASIC has settled with US-based online trading firm Interactive Brokers (NASDAQ:IBKR) on an agreement which will see IBKR refund $1.5 million in fees and commissions to its Australian clients which were granted margin lending facilities between 2010 and 2013. IBKR made margin loans to Australian clients…

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