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  1. Z

    Refco FX Robs Customers of Their Funds!!!

    http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=AP&Date=20051207&ID=5336792 Refco Capital Markets Owes Customers advertisement Related information * E-mail this article * Print-friendly version Stocks mentioned in this article REFCO Inc.(RFXCQ) Stock...
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    REFCO agrees to pay FXCM $4.15 Million if it sells to another

    It depends. Will the judge honor the agreement. Remember, he's the one in charge. If he does, then the likely hood of this matter being settled in a manner that would benefits the customer sounds likely.:D :D
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    REFCO agrees to pay FXCM $4.15 Million if it sells to another

    Refco May Pay Forex $4.15 Mln in Fees as Part of Sale Deal Nov. 20 (Bloomberg) -- Refco Inc., the bankrupt futures broker, agreed to pay Forex Capital Markets LLC at least $4.15 million should it sell its unregulated currency-trading accounts to another buyer. Forex agreed on Nov. 9 to...
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    Creating an IRA LLC

    Ok. I live in Maryland, and I've found a great site that gives you good examples for Articles of Incorporation and corporate Bylaws at https://eseries.mdnonprofit.org/source/communities/documentArchive.cfm?section=unknown&CmtyId=62 I plan on mailing in the Aricles of Incorporatin this week.
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    Refco Wins Lawsuite Against Customers

    I hope it doesn't affect the FXCM/REFCOFX MOU.:D :D :D But the position of REFCO's legal council states in the press and i court I find very disturbing.:mad: :mad: I'm an employee of a rather large company, and have dealt the my corporation's legal council, and I"ve noticed that my...
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    Refco Wins Lawsuite Against Customers

    Looks like it isn't over till that fat lady sings, or until I get my money back from REFCO..:( :( :(
  7. Z

    Refco Wins Lawsuite Against Customers

    Refco Inc., the bankrupt futures broker, persuaded a judge to halt lawsuits by customers seeking to recover $1.8 billion in their accounts. Refco claims the accounts are debt, not customer property, meaning customers might not get all their money back. Customers argue the money is theirs, and...
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    Safety of funds

    Also, make sure you set up a search on google to send you news that is posted about the company. I found out way to late, that REFCO was having problems. Though, in the end, it looks like I'll be alright anyways.
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    Creating an IRA LLC

    Oh. In addition, I'm looking at creating a charity that will most likely end up being a Private Foundation and with any luck maybe a public charity. But in any event, I was looking at having the charity invest into the LLC. According to the IRS regs, it was looking like I was not going...
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    FXCM Is Buying RefcoFX - Deal is Done - Funds are safe

    Me too. If this deal goes through, I think a lot of people out there need to give FXCM an apology....
  11. Z

    Creating an IRA LLC

    Am I the only one ET member making profits? Seems like no one wants to figure out how to keep the Goverment from taking thier hard earned gains. Maybe I'm all alone in this, and everyone else is just loosing money......
  12. Z

    Creating an IRA LLC

    In addition to my strategy, I was thinking about forming a Non Profit Corp, and having it invest in the LLC also. My family gives a lot to our local church, and other charities, and I figure this is a way to give some more. Anyone else out there doing this?
  13. Z

    Creating an IRA LLC

    FYI, I ment www.iraresources.com Forgot the "S"
  14. Z

    A 2 pip EUR/USD spread SWISS broker

    No such thing, unless you are planning on filing a fraudulent tax return, which can get you JAIL time. The IRS doesn't play. U.S. Citizens are TAX on worldwide income. Pay your taxes. Avoid JAIL time and sleep well at night is much better than avoiding taxes.:D :D :D :D If you can...
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    Creating an IRA LLC

    I've been doing quite a bit of research on how to form an IRA LLC owned by my Self, Wife, and Children (Educational IRA). I'm looking at doing the following: 1. Create an LLC that will have me, myself and I manage it. 2. Open up account at www.iraresource.com for everyone in my...
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    FXCM Is Buying RefcoFX - Deal is Done - Funds are safe

    When you say spreads are terrible, I assume that you are not talking about the buy and sell price difference. I've been trading with FXCM/REFOFX for a little while. Though, I admit they could be better. But for the most FXCM's system works well for my strats, and they are fairly predictable...
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    FXCM Is Buying RefcoFX - Deal is Done - Funds are safe

    I just watch my account equity. I tend to like to maintain a 75 to 80 % equity. I generally won't add to or take on any more possitions after I chew up 25% of my account equity. Unless I see something really juicy like the GBP/JPY drop down into the 190s.
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    FXCM Is Buying RefcoFX - Deal is Done - Funds are safe

    You sound like a trader that can't manage your account properly. With REFCOFX this year, I'll have a profit of 120%. If I ever get my money. And I assume that there are others just like me that can make very profitable trades with a dealer like FXCM. Though I must admit, it took a...
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    FXCM Is Buying RefcoFX - Deal is Done - Funds are safe

    Your right. Your not in the driver's seat. Neither is FXCM or REFCOFX. The Judge is in control. And REFCOFX can only make recommendations. They lost control, when they filed Chapter 11. BTW, has anybody else but me, file a claims form with the court. Or am I alone on this one...
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    FXCM Is Buying RefcoFX - Deal is Done - Funds are safe

    Did anyone see the bids for REFCO LLC? And yet it was sold. Both REFCOFX and FXCM have stated publically the details of the MOU that affects customer accounts. Though neither of them have final say on wether it will be honored. As they stated, it will be up to the Bankruptcy Judged...
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