Interactive Brokers (IBKR) Provides Statement on Crude Oil Contracts and Margin Loss; Recognizes Provisionary Loss of ~$88M

https://www.streetinsider.com/Corporate+News/Interactive+Brokers+%28IBKR%29+Provides+Statement+on+Crude+Oil+Contracts+and+Margin+Loss/16767830.html

Several Interactive Brokers LLC (“IBLLC”) customers held long positions in these CME and ICE Europe contracts, and as a result they incurred losses in excess of the equity in their accounts. IBLLC has fulfilled the firm’s required variation margin settlements with the respective clearinghouses on behalf of its customers. As a result, the Company has recognized an aggregate provisionary loss of approximately $88 million.