Electronic trading major Interactive Brokers has submitted its report for the third quarter of 2021 to the Securities and Exchange Commission (SEC), with the document containing an update on the short squeeze multi-district litigation targeting a number of brokers, clearinghouses and hedge funds. Beginning in late January 2021, more than three dozen federal class-action lawsuits were filed in different jurisdictions against various brokers and other market participants claiming that the defendants acted improperly in restricting trading in the shares of and options on GameStop Corp. and other companies that were ... (full story)