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FINRA Fines Broker Over Securities Lending Algorithm Issues

By Katryna Perera ( October 24, 2024, 7:07 PM EDT) -- Interactive Brokers LLC has agreed to a $475,000 fine from the Financial Industry Regulatory Authority to resolve alleged issues with its securities lending algorithm that resulted in the firm returning borrowed shares to customers when it should not have and for allegedly allowing an unregistered person to work on the algorithm's software development....

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