PLANTATION, Fla., July 28, 2014 (GLOBE NEWSWIRE) -- Attorney Advertising. David A. Weintraub, P.A., is investigating investors' potential claims that Interactive Brokers LLC (1) wrongfully liquidated securities positions when margin deficits did not in fact exist, and (2) wrongfully rejected securities purchases and sales when buying power in fact existed. Potential investors include hedge funds, financial advisors, retail clients and others.
David A. Weintraub, P.A. is aware of at least one instance in which Interactive Brokers LLC directed margin liquidations as the result of the firm having used the wrong data to determine that day's margin requirements. Instead of using the data intended for May 7, 2010, Interactive Brokers calculated margin requirements by using the data for May 6, 2010, the date of the Flash Crash.
Potential claimants may discuss legal options and/or the possibility of pursuing claims in arbitration or in court by contacting David A. Weintraub, P.A., 800.718.1422.