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All the customer's money went to his personal projects/expenditures for 20 years: New headquarters, charities, real estate projects, corporate travels in Italy, "My Verona"... Check his face...Is he not the face of success ? The guy looks like he has a whole life of achievement and honest...

So Non-US Clients of US domiciled FCMs got screwed? In which bankruptcy if it is possible to know? I would like to study the case.

We are on the same page. That's what I am talking about. I know that segregation offers no guarantee and that I can get screwed anytime when a customer loses more than the excess capital of the firm. I just want to get screwed like an american, not more.

Swan Noir, Here is where I get the difference between segregated for US futures and secured for Foreign from: http://www.futuresindustry.org/downloads/PCF-FAQs.PDF

OMG... You were one of the account at MF that got transferred to PFG? I can't imagine what it must be... Hope you get the maximum.

First in time or first in order( pro-rata between US then pro-rata between non-US with what is left ) for the same class of accounts? I think they make the segregated funds whole first( dedicated to trade US futures, hold by US and non -US ) and then secured funds( dedicated to trade foreign...

Atticus, can you elaborate on the "US" part of it?...Did foreign institutions, individuals of US FCMs lost money over the years? I know that in the case of a bankruptcy, different rules apply to : 1- Segregated funds to trade US futures 2- Secured funds to trade foreign futures 3- Account...

http://www.reuters.com/article/2012/07/13/us-pfgbest-wasendorf-idUSBRE86C01520120713

SIPC already said they won't give him dollars back, but perhaps he can ask for productivity credits instead for when his new monetary system will be in place. Poor guy seriously...I hope he didn't lose too much.

Ports : Marseille, Trieste, Istanbul, Athens, Port Said, Tanger, Algesiras, Valencia, La Valletta. Place on the coast to trade( fiscally ): Gibraltar, Monaco, La Valletta, Nicosia, Monaco

If HFs from UK, US, Asia, Switzerland... start to short french assets consecutively to the new FTT, they can ban short selling on the taxed products. It won't make the market stabilize( the market still fell after short selling ban in 2008 ) but it can stop the downward pressure. At first...

SIPC won't cover losses: http://www.bloomberg.com/news/2012-07-11/peregrine-financial-futures-accounts-by-sipc-chief-says.html

At least the ranchers and farmers at PFG will benefit from CME's fund: http://www.nasdaq.com/article/update-cme-to-make-farmer-insurance-fund-available-to-peregrine-clients-20120711-01384

Only market making activities( and passive stat arb )can still be traded tax free by the banks. They will sure continue to quote the same B/A spread but there won't be for sure the same volume of trading due to the number of active counterparts who will cease trading, beginning with HFs and...

Words are useless but this reassures: http://media.futuresmag.com/futuresmag/article/2012/07/11/RCG%20Seg%20funds.pdf Any FCM should do the same.

This thing is getting more and more f***d up : http://www.bloomberg.com/news/2012-07-12/fall-of-peregrine-s-wasendorf-presaged-in-christmas-toast.html http://www.ft.com/intl/cms/s/0/79e46a5a-cb6f-11e1-916f-00144feabdc0.html#axzz20OygOo3E...

Nothing related, but in your view, what will be the outcome of the french tax coming Aug, 1st( now that the rate is 0.2% ): - HFs targets anything french under the sun, the CAC40 crashes, it teaches the eurocrats a good lesson but France is now in the same situation as Spain. - Everybody...

LOL:D

RCG and Crossland at the bottom? Does someone understand how they compile their rating?

Funny, for me it's the beginning" I tremble... They gonna eat me alive". Not that I dislike the rest.