This Week: Bloomberg, Interactive Brokers, Virtu, Northern Trust, SimCorp & More
A summary of some of the past week’s financial technology news.
Interactive Brokers Receives Big Fine from CFTC
The Commodity Futures Trading Commission hit Interactive Brokers LLC with a civil monetary penalty of $11.5 million and required the futures commission merchant to disgorge $706,214 earned in part from its role as the FCM carrying the accounts of Haena Park and her companies, which were the subject of a 2018 CFTC enforcement action. The CFTC said that Interactive Brokers executives failed to “diligently supervise its officers’, employees’, and
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