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You still have to look at the bigger picture. Cohen shutters the London office (Office closure). Cohen lets loose all of his Ct. and NY traders (Layoffs). Cohen starts raising funds (Capital infusion). If this were a public company what would you think?

I think you will find that there was a litany of fraud taking place but i am not sure how that will impact some of the other accounts. Adler Colman clearing went BK over fraud through Hanover Sterling and MJK Clearing did as well but I do not believe that there was any major disturbance to the...

I don't think it will be a huge issue. If you want a recent historical look back on MJK Clearing and their bankruptcy due to bad collateral held in Genesisintermedia shares.

Penson Financial Services Canada Inc., has an unsecured receivable from Evergreen Capital Partners Inc., a correspondent firm of Penson Canada

leno... Didn't see this post when I put up story. Anyway, heard a Vfinance Branch Manager out of NJ was hauled into the SEC under subpoena to discuss. VFinance has always been that conduit to fraudulant trades from offshore. In fact, public records of VFinance show an affiliation...

Penson Worldwide facing up to $25 million loss Friday October 31, 11:04 am ET Penson Worldwide could lose up to $25 million due to exposure to company that shut down DALLAS (AP) -- Shares of Penson Worldwide Inc. plunged more than 39 percent Friday after the company said it has $25...

Brightest people in the world. According to who? A Wall Street worker? Tell me you genius, if all the firms are downsizing due to financial losses what defines the necessary pay scale to keep performers? Where they going to go? Do you think JP Morgan can hire EVERY top performer and have...

gasparino is an egotistical moron. I hear he is more abrasive in person than he is on the air - even amongst peers. I challenged him on some issues where he was dead wrong and sought a retraction from him and he tried to threaten me. Real piece of work that schmuck.

Not being from NY but being one of those taxpayers whose money went into this bailout program, what do I care what happens in NYC? I did not sign up for a wealth re-distribution that included taking my hard earned dollars and giving it to an over-paid, drug induced lackie who mismanaged their...

What I don't get is - Wall Street more than anything is an instantaneous evaluation based on supply and demand. Everything that is traded is based on the lastest values and the latest profits. Imagine for example a GM going out and signing a new contract with the workforce that increased...

The funny thing here is, Porsche pulled off the throttle before these funds were totally choked and dead. they inflicted pain but left the damaged living. Cohen is one of those guys who goes for the juggler. He never would have initiated teh 5% selling that porsche did, instead he would have...

SAC's Cohen, Einhorn Raise Money as Most Hedge Funds Shrink By Katherine Burton Oct. 30 (Bloomberg) -- Steven Cohen, David Einhorn, Paul Singer and Alan Howard are doing what most hedge-fund managers can't these days -- raising money from investors. Singer's Elliott Management Corp...

If what rumors we hear are true, stevie won't need his money where he will be going. Heard yesterday from a lawyer friend that the DOJ is all over Mr.Cohen. Can't confirm but his source is federal.

The impacts of the ban n short selling is a myth. Lets use facts instead of rhetoric. 1. The average daily short sale volume in Morgan Stanley during the ban as near identical to the average daily volume before the ban. (i.e. No impact) 2. The short sale ban altered a change in...

Little touchy regarding Mr. Einhorn are we? Einhorn lost big in VW, he lost to a charade played typically by hedge funds. In the days leading up to Lehman's demise Einhorn was touting his book on every rag and TV show he could find. He was selling his position to the public in order to...

Not enough

BTW, This was the best orchestrated pump and dump in history. Porsche locks up a majority of shares and then makes the announcement to run up the stock in a short squeeze. After the market is grossly over-valued they announce (out of charity - lol) that they will free up shares in the...

Yea, Einhorn steals millions and donates a few thousand to a charity to make himself feel better. Have you noticed how many of these crooks were charitable? I hear Ken Lay, Jeff Skilling, and Dennis Kosloski, etc....were quite charitable as well. As for Einhorn being dead right on Lehman...

VW shares halve as Porsche eases short squeeze Wed 29 Oct, 2008 12:23 FRANKFURT (Reuters) - Shares in carmaker Volkswagen nearly halved on Wednesday after main shareholder Porsche took steps to ease a squeeze on shortsellers that more than quadrupled the stock in days. On Sunday Porsche...

SAC is in cash but you really have to wonder what the real cause behind that is. It seems he not only went to cash but is terminating all of his employees; including teh shuttering of the London Office. That means he is not set up for any type of a recovery that would include the need for...