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I am seeing the same thing in my MBTrading/Pension account. It is a one way move of my cash to a segregated futures account from my universal account. This policy change started for me on 12-14-11.

The Chinese use only one bullet to punish theft of over $40,000.00 US equivalent and some other types of crimes. That has to be a deterrent.

China knows how to reduce large self serving crimes of this nature!

I believe the back office problems are within MBTrading's clearing firm Pension. Pension does not seem to take their futures clearing serious. Pension has had the problems you described for over 2 years. There are also errors on their confirmations for futures transactions that have existed for...

Looks that way to me, (futures accounts & margin accounts) if in accordance with regulations.

You must be operating in a "dark room".

Well, only up to the limits of the SIPC insurance limits of $250K/$500K.

You must not have read all of the information provided by the link provided by the original poster of this thread.

I do not think TDAT managed and maintained charting software will be in any way an adequate replacement for QuoteTracker. I will continue to use QT until it no longer adequately works for me and then I will have to find my next best charting software.

One of my brokers uses Pension. I would not open that account today knowing Pension's current situation. With Pension's share price now under a dollar, Pension could be de-listed which would bring on more problems and downgrades for Pension. I feel IB is the safest broker and I support IB's...

I have been using free WD utility software for this for about 15 years with no issues. I keep the clone copies on the shelf. All drives installed in removable hard drive trays for easy swapping. I have 2 or 3 hard drive bays in each PC. The cloned copies have bailed me out of many otherwise...

I closed my account with Fidelity because in my opinion, based on the non Fidelity real time data feed I was watching, Fidelity was front running my orders. I would place limit buy orders at the ask and see them immediately filled on the non Fidelity data feed but could not get confirmation of...

That makes scene to me. In my opinion, missing commodity client segregated funds should be replaced from other if available funds recoverable within the MF Global collapse including from all securities held in street name. Security clients are protected by SIPC insurance and commodity clients...

I would trust Peterffy to invest some of my money. I bought TradeStation based on Peterffy's purchase and made money. He just got blindsided by MF Global like many investors and clients.

I am still using Win2K on my trading PC and internet surfing PC. When Win2K no longer can get the job done, I hope to use Linux. Linux is now OK for my surfing PC but is not now adequately supported by brokers, charting, and tax preparation software for my trading PC. My trading PC has 12...

That seems to be what clearing firms are doing.

rm3, Reading the posts on 11-03-11 of this ET thread should help answer your questions: http://www.elitetrader.com/vb/showthread.php?threadid=213476

I can see the USA Congress using the MF Global failure to protect clients funds as justification to require new regulations and controls of FCM firms and commodity transactions. Then the cost to the Federal Government of enforcing the new regulations and controls will be used to justify the...

JP Morgan denies Holding the MF Global missing client funds. In my opinion, the $658.8 million held at JP Morgan could be the MF Global missing client funds. JP Morgan may not know or want to admit they know anything about the source of those funds from MF Global. However, I am sure the...

I bet trader accounts transferred to Penson will not stay with Penson after the MF Global experience.