Search results

Where is Trader God? Is he still saying the client Funds are safe. My position is simple, anytime you go into US Courts, it is like playing Russian Rullet. The Judges DO NOT CARE about justice or LAW. They just set on that bench and enjoy their ROYAL STATUS appointed to them by the...

Yes, I know that. But this may or may not give us idea on how the Judge feels about FOREX trading. This just might have never heard of FOREX until this case came up, so it's hard to know how he will rule since it's a unregulated narket.

"This group would include, for example, investors who held securities at the unit, but exclude clients who traded foreign exchange, Refco said." Hmm, wished I had access to the court transcripts. Refco says that customer will be favored, except for FOREX customers.... Will this hold...

US bankruptcy judge says Refco unit should liquidate By Dan Wilchins Reuters Tuesday, March 14, 2006; 10:17 PM NEW YORK (Reuters) - A U.S. federal bankruptcy court judge said on Tuesday that Refco's offshore broker-dealer unit should liquidate its assets separately from the rest of the...

So, let's say you actually did make money with REFCOFX, or least that's what your account balances show. What do you do about money that you can't get your hands on, but you supposedly made profits on. I assume that the IRS get their cut no matter what? Does anyone know any better. I...

Justice Delayed, justice DENIED:mad: :mad: :mad: These delays are all about some GREEDY Lawyer trying to steel peoples monies. And guess what, the Judge is a Lawyer too.... He's not trying to be fair, he just helping out his fellow Lawyers, and probably taking a kick back in the...

Forex is taxed one of two ways. If you make an internal record that you are trading 1256 Contracts, then you are taxed with a 60/40 split long cap gains/short cap gains. Meaning, if you are profitable at years end, put a letter in your file cabinet and post date it 1/1 of the profitable...

Of course Refco dosn't report this to the IRS. They odviosly are not planning on giving anyone there money back. So there are no gains to report.:D :D :D :D :D

Hey, anyone else out there need some of this money to pay their taxes? It's going to be hard paying taxes on capital gains that I can't access.

I guess March 10th is now the big date: Important Notice To RefcoFX Clients Dear RefcoFX Client, We write to advise you of our progress on our sale efforts. RefcoF/X did not receive any offers for the sale of its retail foreign exchange assets other than the original offer by...

Does anyone know what the Judge said to the objection. Knowing American justice, he will probably discredit the auction, and let the creditors take all Refco's customer's money.....

Feb. 17, 2006, 3:09PM Refco Creditors Move to Block Unit Sale © 2006 The Associated Press WASHINGTON — Refco Inc.'s creditors moved to block the sale of the company's foreign-exchange unit to an electronic currency-trading firm, saying the prospective buyer simply wants to "flip those...

NEW YORK, Feb 15 (Reuters) - Refco Inc. (RFXCQ.PK: Quote, Profile, Research), the bankrupt futures and commodities brokerage, said on Wednesday it has canceled the auction scheduled for Thursday, Feb. 16 of its foreign exchange assets. In a statement, Refco said it canceled the auction for...

The C Corp would simply provide management/trading oversight for the LLC. For all it's hard work, it would get a slice of the profit pie of fhe LLC. Say 10 to 20 percent of the profit. This would allow it to pay for it's employees benefits.

Background: Currenlty I am trading Foreing Exchange via an LLC taxed as a partnership that only has portfolio income that is being taxed via the 60/40 split. I have 5 members of the LLC, myself, my wife, my two children, and my sister. With me as the major owner. What I would like...

Ok, maybe this is an easy question that everyone know the answer to. But I just don't see a easy solution. Tax wise, what are the consequences and paper hassles you have to deal with when trading when you choose to have your Forex Account based with something else besides the U.S. Dollar...

NEW YORK, Jan. 20 /PRNewswire-FirstCall/ -- Refco Inc. (OTC: RFXCQ) said today that Judge Robert D. Drain of the U.S. Bankruptcy Court of the Southern District of New York approved on Wednesday, January 18 an order delaying the auction and related deadlines for the proposed sale of assets of...

Af far as personal guarantee goes, I've opened up an account at Oanda for my LLC. That didn't become an issue. Also, trading as an LLC with multiple investors, makes those investors feel much more secure, since the LLC provides a firewall between them, and the investing activity as far as...

I'm looking at the advantages of trading as an LLC. I'm a very profitable trader. That is very positive with interest income, long and short income. I've done a moc tax return. I've found that I am coming up with a Passive Activity Losses that seems will never get deducted from my...

www.refco.ca does, but they won't accept US customers. During the whole REFCO mess, REFCOCA customers were not affected as far I know. Only REFCO US customers were affected. Makes me want to take up Canadian Citizenship. Also, there is another company that I posted before that is...