ASIC today provided an update on its regulation of US-based online brokerage firm Interactive Brokers Group, Inc. (NASDAQ:IBKR). Last week, the Australian Securities & Investments Commission (ASIC) halted Interactive Brokers (IB) Forex OTC services within the country. Back in December 2013, ASIC granted an extended a no-action position to IB regarding its FX business on the basis IB would eventually obtain an Australian financial services licence with a market making authorization. The official announcements can be read below: Enforceable undertaking (EU) IB has refunded $1.5 million in fees and commission ... (full story)