Attention Investors Who Suffered Losses on Exchanged Traded Notes on Portfolio Margin
Case Filed Against Interactive Brokers LLC To Recover Portfolio Trading Losses
If you suffered losses investing in Exchange Traded Notes, or “ETNs,”
using portfolio margin at Interactive Brokers, LLC, we have an important
message for you.
Interactive Brokers, or sometimes just called IB for short, is one of the
largest online brokerage firms in the United States. For the last ten
years, IB has allowed its customers and its customers’ financial
advisers to use a complicated trading strategy called Portfolio Margin.
Portfolio Margin trading is permitted, but there are strict rules in place
to protect investors from suffering crippling losses. We allege that IB
does not follow those rules properly, and that IB specifically ignored
guidance from the securities regulators. Many IB investors have suffered
major losses in their Portfolio Margin accounts, especially in August
2015; in some cases, those investors have lost everything.
The investment fraud lawyers of Meyer Wilson and Kaplan Fox have teamed
up with the law firm of Shepherd, Smith, Edwards and Kantas, LLP, which
was the first to file cases on behalf of investors with IB involving this
problem. Our legal team is at the forefront in holding IB accountable
and helping investors recover their losses. Our team has filed a class
action lawsuit in federal court in New York City against IB to decide
the questions that are common to all similarly situated investors and
to force IB to follow the rules.
Read Complaint Here (PDF)
We are also representing investors in individual FINRA arbitration cases
in which we are helping those investors pursue the recovery of the money
they lost as a result of what we believe to be improper Portfolio Margin
trading. While past successes are not a guarantee of future results, members
of our team already obtained a $2 million FINRA arbitration award against
IB on behalf of one family, and we have many more cases in the pipeline.
See $2 million FINRA Award Against IB (PDF)
If you or your financial advisor made ETN investments with IB using Portfolio
Margin, and you lost money, we want to talk to you. Together, and at no
charge to you for an initial consultation, we can help you figure out
what your options are and explain how we can best help you protect your
legal rights and work to get back what you have lost.
Please contact us by filling out the web form on this page, or feel free to just call us toll-free at (888)-390-6491. We look forward
to hearing from you.
For additional Information, please call 1-888-390-6491.
David P. Meyer, Esq.
Matthew R. Wilson, Esq.
Meyer Wilson, LPA
Fredric S. Fox, Esq.
Matthew B. George, Esq.
Kaplan Fox & Kilsheimer LLP
Samuel B. Edwards, Esq.
David W. Miller, Esq.
Shepherd, Smith, Edwards and Kantas, LLP