Australia Regulator Blocks Interactive Brokers’ Currency Trading
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Australia’s securities regulator told Interactive Brokers Group Inc. to stop offering over-the-counter currency trading, saying the company doesn’t have the right license to operate in the nation.
The Australian Securities & Investments Commission is also assessing whether the U.S. firm has breached the Corporations Act, Miriam Phillips, a Sydney-based spokeswoman, said by e-mail. Caitlin Duffy, a Greenwich, Connecticut-based spokeswoman for Interactive Brokers, declined to comment when reached by Bloomberg on Tuesday.