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FWIW, this is from IB's website.
"Institutional Investor
-April 2002
Interactive Brokers Group ranks number 31 on Institutional Investor's ranking
of the 100 largest
securities firms. Ranked by consolidated capital, Interactive Brokers Group's
capital as of
year-end 2001 was $931.7 million. This makes Interactive Brokers Group larger
than E*Trade,
Ameritrade, and Fidelity. The article, titled "Riskier Business," also notes
that at year-end,
Interactive Brokers Group reported zero long-term debt."
I'm not affiliated, except as a customer of a couple of months. No problems
daytrading the emini SP to date.
Tom Domingues
"Jacobson, Alex" wrote:
> The fine is not a good thing, but this chump change to IB. They are part of
> the TimberHill trading group and their balance sheet, if you wanted to do
> the homework, is on file with any exchange they are a member of.
>
> -----Original Message-----
> From: FXTrader [mailto:fxtrader@xxxxxxxxxxx]
> Sent: Thursday, June 13, 2002 10:14 AM
> To: Realtraders
> Subject: [RT] IB and $230,000 Fine
>
> That is a hefty sum of money. The question I would be asking is this: How
> does this affect their financial solvency? B/D's that have become insolvent
> in the past proved to be a mess. It can take months for traders to gain
> access to their accounts. No, the NASD will not close your position out for
> you. Someone trading at this firm should ask for a recent balance sheet and
> how they are going to pay the fine. I know they are not self-clearing, but
> insolvency can still be a real problem.
>
>
>
> Investor Beware ????? Heard that before?
>
>
>
> Rich C.
>
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