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.
Frequently Asked Questions
The main purpose of this 8-K filing is to correct an inaccurate statement made by the CEO during an investor call regarding the balance of securities borrowed by Interactive Brokers Group, Inc. at the end of 2007. The actual figure is clarified to be approximately $7 billion, not $15 billion as initially stated.
The corrected figure for securities borrowed as of December 31, 2007, was approximately $7 billion.
The investor call hosted by Fox-Pitt Kelton took place on March 19, 2007.
A replay of the investor call is available by dialing 800-756-1819 or 203-369-3011. Information to access the replay is also available on the Investor Relations section of the Interactive Brokers website.