Sadis Hired to Investigate Interactive Brokers for Misconduct in Causing Clients Millions of Dollars in Losses from Trading WTI Futures on April 20, 2020

IB has publicly admitted that the failure of IB's trading system to allow clients to sell at negative prices was a "mistake on our part."   Further, IB has admitted that it had advance notice that the WTI Futures contract prices could go negative.  Yet IB has refused to repay a number of clients who have suffered losses.  IB has publicly admitted that the failure of IB's trading system to allow clients to sell at negative prices was a "mistake on our part."   Further, IB has admitted that it...

IB has publicly admitted that the failure of IB's trading system to allow clients to sell at negative prices was a "mistake on our part."   Further, IB has admitted that it had advance notice that the WTI Futures contract prices could go negative.  Yet IB has refused to repay a number of clients who have suffered losses. 

Sam Lieberman is leading Sadis's efforts to investigate Interactive Brokers for misconduct arising from the trading of WTI futures on April 20, 2020.   Please contact Mr. Lieberman at [email protected] or (212) 573-8164 if you have any questions about the investigation or taking any action against Interactive Brokers, LLC.  As reported by Brokercheck, Sadis has won two of the three largest-ever FINRA arbitration awards against Interactive Brokers, LLC.

About Sadis
Sadis is a leading New York based law firm focused on delivering sophisticated and creative legal solutions in a highly professional manner.  The firm is recognized for its financial services transactional and litigation practice that consists of representing several hundred investment advisers and related investment entities (including hedge funds, private equity funds and venture capital funds).  Similarly, the firm provides regulatory and compliance advice and representation in connection with SEC enforcement proceedings.  Notwithstanding the emphasis on the financial services industry, the firm also provides a full range of tax, litigation, regulatory, real estate, intellectual property and corporate services to its clients. 

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