Recent content by buzzy2

  1. B

    CFTC approves "MF rule" to protect customer's funds

    The Commodity Futures Trading Commission voted 5-0 today to limit how brokers invest clients’ margin in money market funds, and ban investments in foreign sovereign debt and in-house transactions such as repurchase agreements. It is not clear whether the rule would have prevented MF Global...
  2. B

    MF Global Customer: My 50$mil account is missing

    Lombard, Illinois-based fund Highridge Futures Fund LLP on Friday said its more than $50 million account with the broker-dealer unit of MF Global Holdings Ltd (MFGLQ.PK) is missing, and asked a federal bankruptcy judge to order the trustee to find it. "This account is nowhere to be found,"...
  3. B

    An Old MF Glabal Segregation Thread

    Of course my confidence has been shaken. I repeat. The CFTC should've made an example of that Corzine crook. Otherwise as you point out brokers have been granted a free option which amount to a license to steal customer's money.
  4. B

    An Old MF Glabal Segregation Thread

    Another MF Global bad precedent: customers were blocked out of their accounts. The system is supposed to be able to allow orderly settlement/closure of positions and fund transfers, but everything was badly mismanaged by Corzine's crook team. Something to think about: MF Global management was...
  5. B

    An Old MF Glabal Segregation Thread

    MF customer problems are due to fraud, not something seriously wrong with the system. I guess there's probably a monitoring problem but other brokers should be taking note that if they play with customer's money, they can vanish in a millisecond. That Corzine guy should be right now in jail, a...
  6. B

    MF Global - WTF! Customer money gone missing?

    MF actually was more expensive in commisions than other firms. You could get cheap trading only through its introducing brokers.
  7. B

    MF Global Repo-to-Maturity trade dissected

    http://ftalphaville.ft.com/blog/2011/10/31/717181/mf-global-and-the-repo-to-maturity-trade/ MF Global and the repo-to-maturity trade "So, while most of the media has been commonly referring to MF’s sovereign bond positions as proprietary bets gone wrong, there’s more to it than just...
  8. B

    FBI investigating missing customer money at MF Global

    http://online.wsj.com/article/SB10001424052970204394804577012061970129588.html?mod=googlenews_wsj "A person familiar with the situation said FBI officials have decided to examine the discrepancy to determine if customer money is missing. If it is, FBI officials would then have to decide...
  9. B

    MF Global March 2011: "We're not taking enough risk"

    http://www.google.com/url?sa=t&rct=j&q=MF%2BGlobal%2Blooks%2Bto%2Btake%2Bmore%2Brisk%2Bsite%253Arisk.net&source=web&cd=1&ved=0CCcQFjAA&url=http%3A%2F%2Fwww.risk.net%2Frisk-magazine%2Fprofile%2F2037948%2Fmf-global-looks-risk&ei=JISwTrOUAsKXtweb6cSTAg&usg=AFQjCNH9z7Gbmwonck1mAhbTB25CPShNfg MF...
  10. B

    MF Global - WTF! Customer money gone missing?

    That leaves Interactive Brokers as the biggest independent futures broker in town. 2nd Place RCG.
Back
Top