A Greenwich online discount broker has been penalized $556,000 for trading securities on federal securities regulators’ “no trade’’ list, authorities say.
Interactive Brokers LLC accepted the Financial Industry Regulatory Authority’s censure and $550,000 fine, Finra said Wednesday. Finra is the securities industry’s self-policing arm.
Interactive also agreed to forfeit some $6,000 in commissions collected on customer short sales of unidentified securities that were covered under a Securities and Exchange Commission emergency order banning trading in such securities.
Interactive officials could not be immediately reached Wednesday for comment.
