Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Interactive Brokers LLC is an American multinational brokerage firm operating the largest electronic trading platform in the United States
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackThe U.S. and other governments have specifically sanctioned certain Russian companies that issue securities, meaning these securities cannot be traded or transferred. In addition, the U.S. has prohibited the purchase of new and existing debt and equity securities issued by all Russian companies. As a result, trading in all Russian securities has been either fully or partially restricted. A new federal law in Russia prohibits Russian issuers from having their shares traded outside Russia via American Depositary Receipts (ADR) or Global Depositary Receipts (GDR). In addition, some Russian ADRs/GDRs are subject to U.S. sanctions.
Ongoing operations but limited purchasing of securities of any Russian company. This means that clients cannot open new positions in Russian securities, including their derivatives. Clients may hold their existing positions in non-sanctioned Russian securities or sell their positions. As of June 6, 2022, clients cannot open new positions (long or short) in non-sanctioned Russian securities. However, they may sell or hold their positions in non-sanctioned Russian securities.