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Interactive Brokers fails to dismiss ex-client’s complaint over negligent position liquidation
Robert Scott Batchelar alleges that Interactive Brokers’ trading software was negligently designed, and the result was an automatic liquidation of the positions in his account that cost him thousands of dollars more than it should have.Online trading major Interactive Brokers cannot escape a lawsuit launched by one of its ex-customers at the Connecticut District Court. On September 30, 2019, Judge Alvin W. Thompson signed an order denying the brokerage’s motion to dismiss the case brought by Robert Scott Batchelar. Batchelar has brought a claim against Interactive Brokers, LLC alleging that its trading software ... (full story)
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