Recent content by roblon

Yes, I also just got this message. I am getting a little disgusted at this. There are better ways to manage client risk then a blanket "exposure fee". Why should I pay for IB's mistakes in letting CHF forex traders overleverage. I am actively looking to move all or a portion of my funds at...

Claim Forms for the MF Global client funds will come from the Trustee - Giddens. In fact they already have posted a claim form for the return of "specifically identifiable property" which must be completed and returned by close of business tomorrow, 11/15/11. This includes property such as...

As I stated earlier I have written a letter to the bankruptcy judge requesting the immediate return of funds via a pro-rata distribution of known assets. Giddens has stated he cannot do this as it would somehow not be fair to clients. In fact by allowing collateral transfers with the bulk...

I have written a letter to Judge Martin Glenn, presiding judge over the MF Global court case. I made a request that there be an immediate pro-rate distribution of client funds up to the maximum allowed so that the shortfall may be accounted for. This should be upwards of the 85% figure. I...

I keep hearing from people that the SIPC will somehow guarantee securities and cash in the futures accounts. This is simply not true. The SIPC only does this for securities accounts (400 of which were at MF Globel) - not futures accounts (150K at MF Global). Rule 190 of the CFTC says that in...

If it is any consolation, the missing amount has apparently been reduced to $593 Million. http://www.bloomberg.com/news/2011-11-05/mf-global-customers-lament-safeguards-as-regulators-work-to-unfreeze-money.html My account was flat (I was able to close out Mon 10/31). Today (Sat 11/5) I...