Interactive Brokers IBKR -0.64% had also drawn many individual investors into the currency market. It was known for its often funny, and at times controversial, commercials. In 2012, Interactive Brokers’ founder, the Hungary native Thomas Peterffy, spent $8 million on ads urging people to vote Republican. In the ad, Peterffy said, “I grew up in a socialist country, and I have seen what that does to people.” On Friday, Interactive Brokers said the $120 million in client losses that it might have to cover amounted to less than 3% of the company’s assets. By late Friday, its shares were down by 1% to just under $28. Interactive Brokers did not immediately respond to a request for comment from Fortune.
Posted on: Sun, 18 Jan 2015 19:55:41 +0000
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