Summary
Interactive Brokers Group, Inc. (IBKR) filed a Form 8-K on March 19, 2008, reporting its participation in an investor call hosted by Fox-Pitt Kelton on March 19, 2007. The primary purpose of this filing was to correct a previously communicated figure regarding the balance of securities borrowed. During the call, the CEO initially referenced an approximate $15 billion balance in securities borrowed at the end of the previous year. This 8-K clarifies that the actual amount of securities borrowed as of December 31, 2007, was approximately $7 billion.
Key Highlights
- 1Correction of previously stated information regarding securities borrowed.
- 2The actual balance of securities borrowed as of December 31, 2007, was approximately $7 billion.
- 3Initial reference during the investor call was to approximately $15 billion in securities borrowed.
- 4The investor call took place on March 19, 2007.
- 5The filing was made on March 19, 2008, to address the discrepancy.
- 6Information regarding the investor call and its replay is available.
- 7The filing is made under Regulation FD, indicating a public disclosure.