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pretty scary... when u read that and see how much bennett, grant & co took away from the firm to the tune of $2bio+ u wonder how he cld let itself get caught for 'only' $400m... unless of course there is a much bigger hole out there thats just waiting to be found... how long more for the current...

pretty good stuff - thanks!

hi chuck12345 - all good points... no real intention to open via Can. here to be honest, just a bad habit i've developed, hijacking national benefits from countries i'm not a resident of i guess... sorry to hear yr refco futures acct got frozen, hope you'll get yr money back soon... best,

just bumped into this and still in total disbelief!: http://www.interactivebrokers.com/en/general/about/about.php?ib_entity=llc wish i'd seen this earlier... this is setting pretty high disclosure standards methinks... sorry to suddenly sound like an IB groupie with the hots - still haven't...

many thanks for the honest answer Steve, don't want to give anybody any 'bad' ideas here but i suppose i cld set up a paper corporate vehicle in Can. for instance and open a corp acct from Can. if it appears the deposit protection scheme is more favourable there... but i must say, this: [...

thanks arbitrageur and gotmessner... instructive!

Steve - sorry to make things more complicated perhaps, how about with IB Canada and CIPF protection (of up to CAD1mio) http://www.cipf.ca/c_explore_coverage.htm#determination ?

brilliant contrib' thanks!!!

for IB to clarify, but just fyi this is what i got (actually 3 weeks ago, not 6... felt like 6 tho'...): ----- Original Message ----- From: Matthew Haraburda At: 10/ 7 1:58 Mr , Thanks for the interest in Eurex US FX products.For quick access I would take a look at Interactive...

simply accept the risk of total loss on margin and other type accts / deposits VS looking for appropriate schemes / jurisdictions that may provide higher levels of protection? just a few ideas of the top of my head...: (am essentially looking at fx here, but not only...) - schemes...

... loads of questions asked in numerous threads in the wake of the Refco debacle... this 2-pager seems to sum things up rather nicely fyi, with all the necessary data, facts etc one cld wish for...: http://www.sec.gov/rules/proposed/s71701/sexton1.htm#P122_25856 ... now getting to the...

did u read the highlighted bit going: "From time to time, Refco in its sole discretion..."? i was just surprised to see that sort of statement in the refco llc contract, seemed to me it was v.much at odds with the whole concept of segregated accts... in any case, agree that doesn't answer yr...

{ yawn }... take a pill dude... methinks i can tell a hatemongering moron when i c 1... however i think U is cool :-))) peace dude...

tradition is big, yes, but after whats just happened w refco isn't there an opportunity to gril these firms and get them to disclose much more than they currently do in terms of capitalistic relationships etc? e.g. if i were the credit officer for a big hedgie i'm sure tradition/fxdd wld make a...

well, if u take a closer look at refco llc's contractual docs, its not so surprising after all...: http://www.elitetrader.com/vb/showthread.php?s=&postid=872581#post872581

http://www.sfreviews.net/irondream.html

whatsya question dude?

like, that u come across as a cunt?

brilliant thread, wish i cld "contribute" somehow but i only trade fx, and not trading today actually... best of luck! cheers ;-)

dude -- no offense but if u've found any interest in this list (only read 1. & 38...) AND you ever make money as a trader... i think thats just great!!!!