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How many other funds, banks, etc. have inadequate controls?

The SEC forces buy-side and sell-side firms to restrict their employees' personal trading to avoid front running, etc. But, not the sell-side firms themselves! Very interesting!

BB TV is speculating the final trades -- and close -- will be at 4:15pm.

(You don't say what business you are in, but it sounds like something in the investment business.) You have to tell them. In the current environment, regulators are not forgiving and therefor employers are not forgiving. Carefully read your compliance rules. The rules should state how...

Wild story from Bloomberg: Amerindo's Vilar Charged With Stealing From Client (Update4) May 27 (Bloomberg) -- Alberto Vilar, president and founder of New York-based Amerindo Investment Advisors Inc., has been arrested and charged with stealing $5 million from a client. Federal...

def, will we be able to trade crude through Clearport at IB? Thanks.

Another explanatiion: its tough to predict the future. Over time, a great analyst will be right more than the competiion. Who is right all the time? Warren Buffet lost in USAir securities. George Soros lost in Russian securites in 1998. Everyone has bad picks.

What is "SIF"?

Maybe the last hour will be interesting.

nononsense, I think you are making a joke above, so I am not being critical of you. Regarding forecasts, I think someone like trade-ya, and others like him who have years of experience trading, offer a lot to this board. If he offers detailed, reasoned forecasts, they are worth reading...

Trade-ya -- Great thread you started!

WSJ article today stated that the reval could happen this weekend!

Kin, thanks for the post. It is always interesting to see what can go wrong so it is less likely to happen to us. Here is the article: Portus bleeds $400 million in red ink Controversial fund owes Canadian investors $750 million KPMG finds $238 million in `unexplained offshore...

The recent Merrill money manager survey asked mangeres @ the impact of a yuan reval. The largest agreement was that a reval would be negative for US Treasuries.

A number of countries don't let foreigners buy real estate. India does not allow it. Mexico used to make US nationals buy through a local corporation (maybe still the case?). Canada did not make it easy, I think I remember (maybe someone can confirm that). It would be awesome if China...

Good one!

I will report the net gain/loss (subtracting line 4 from line 1) on Form 6781. Also, I will asterisk the amount and add a sentence stating what I did. No big deal.

This information regarding TradeStation is from TradeLog's website: "Feb 25, 2005: We are still waiting for the final release of the 2004 Tax Download - Tradestation has informed us that it is in final test. The procedure below will work, however, for tax years 2002 and 2003." [...

larrybf and risktaker, I agree. IB has been great. However, as the industry has gotten more competitive, IB's commission structure has not kept pace, particularly for higher volume traders. I feel loyal to IB. But, I am considering trying out other brokers to see how they are. I hope...

Also, you can go to www.jimrogers.com and click on Riverside Conversations.