WASHINGTON (Reuters) – Interactive Brokers LLC will pay $38 million to U.S. regulators to resolve charges the firm repeatedly failed to file key reports and to settle charges related to anti-money laundering failures, the U.S. Securities and Exchange Commission (SEC) said in a statement on Monday.
The firm will pay a $11.5 million for charges it repeatedly failed to file suspicious activity reports for U.S. microcap securities trades executed for customers, the SEC said in a statement.
In parallel actions, the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC) said they had agreements with Interactive Brokers related to anti-money laundering failures in which the broker-dealer agreed to pay penalties of $15 million and $11.5 million, respectively, the statement said.
(Reporting by Jonathan Stempel in New York and Chris Prentice in Washington)
