Editing Interactive Brokers (section)

=== Commodity Futures Trading Commission (CFTC) action ===

On September 28, 2021, the U.S. [[Commodity Futures Trading Commission]] (CFTC) issued a press release indicating that it had settled charges which fined Interactive Brokers, LLC, $1.75 million (in addition to $82.57 million in customer restitution) for<blockquote>failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on April 20, 2020, in violation of CFTC Regulation 166.3.</blockquote>On April 20, 2020, the May 2020 West Texas Intermediate crude oil futures contract trading on the NYMEX exchange traded and settled at negative prices, and the CFTC alleges that when a futures commission merchant like Interactive Brokers, LLC operates systems that cannot correctly reflect the actual market prices, customers may be harmed.

It is unclear if the CFTC or any other regulator required that Interactive Brokers, LLC update systems to a certain level of performance to prevent customers from being subjected to potential harm from this or similar factors in the future.