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Interactive Brokers fined $38 million for lapsed money laundering oversight

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Finra, along with two other regulators, levied fines against the broker-dealer for widespread system failures

Lax anti-money-laundering oversight is costing Interactive Brokers more than $38 million in fines and other penalties, Finra announced Monday morning.

The Greenwich, Connecticut-based broker-dealer that claims more than $8.2 billion worth of consolidated equity capital was fined by the Financial

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