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    Is cash no longer fully insured in an IB account ?

    Surely I am not the only one who noticed that they were the only broker to issue you a balance statement that shows no classification of USD SEG on your futures account?
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    Sipc coverage needs to go to 1.8m

    Exactly, hence looking for options other than Lloyd for per account insurance. These excess sipc insurance that the brokers buy are a joke... usually only covering 150MM firm wide. What account size do you think would warrant a broker paying the premium for a separate policy for your...
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    Sipc coverage needs to go to 1.8m

    Any other good options other than lloyds for additional insurance?
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    Is cash no longer fully insured in an IB account ?

    Spoke with a representative relatively high up on the IB ladder today. Apparently, IB does not allow you to have a sole commodity future or sole equity account. Every account at IB is classified as universal even if you ONLY trade futures. This poses a major risk, as the funds are not deemed...
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    InteractiveBrokers "hyper-hypothecates" $14.5b of Customer Funds?

    Any verification other than one article that rehypothecation is illegal in Canada?
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    InteractiveBrokers "hyper-hypothecates" $14.5b of Customer Funds?

    Yes 10k here and there is easy to spread out and feel safe. Try taking 10 mill that takes about 200 trades a day and is usually 50% invested at all times and doing the same thing... not so easy now. Anyone know of some other brokers that dont seem to be involved in this re-hypothecate...
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    Anyone pulling money out of MF Global?

    http://www.nypost.com/p/news/business/dimon_eyes_clawback_kREEfrYWIbA84Om6j2kKmK
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    MF Global On A Massive Scale?

    Very important... please post more info
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    Anyone pulling money out of MF Global?

    Anyone else part of any other legal group other than CCC seeking to return money to customers? I have two other lawyers and to be honest they are not making much headway... The arguments etc are usually futile and cost a tremendous amount of money. A collaboration would be more efficient...
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    Is this is a good deal?

    How could you achieve better leverage for less funds? I believe the law is 4:1 up to 1 million?
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    Is this is a good deal?

    No, it will be set up as a foreign corporation. What prop firm would you guys recommend that has the most security/insurance for your funds? I also need a fix protocol for the system.
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    Is this is a good deal?

    Intraday automated system on US equities only(approx. 10-20 symbols) 75% of the trades will be adding liquidity Approx. 500k shares per day - 10 mill per month Account size is 1 - 4 mill Offer from institutional brokerage(not prop firm) Min. acct size is 1 mill with 6.66 leverage .0010...
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    Anyone pulling money out of MF Global?

    I had less than one percent of my equity from my MF Global acct transferred to the new FCM.... 99.6 % is cash sitting at MF. I should be part of that initial distribution!
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    Anyone pulling money out of MF Global?

    This is total bullshit! What about customers that had only a few positions and the rest cash?? We get nothing!? I have my two lawyers on this already as this is ridiculous.
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    Anyone pulling money out of MF Global?

    Please sign. Takes about 15 seconds... http://www.change.org/petitions/petition-to-us-bankruptcy-court-honorable-martin-glenn-release-remaining-cash-balances-of-former-mf-global-customers?utm_medium=facebook&utm_source=share_petition&utm_term=autopublish
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    Anyone pulling money out of MF Global?

    Anything helps at this point. Everyone should be writing a formal letter...
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    Anyone pulling money out of MF Global?

    MESSAGE TO COMMODITIES CLAIMANTS OF MFGI To: Commodities Claimants of MFGI Date: November 10, 2011 "Shortfall" Until an investigation into complex cash movements at MF Global is completed by the Department of Justice, the Commodity Futures Trading Commission, the Securities and...
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    Calling all MFGlobal Customers

    Between the wine and punching bag, I doubt I am the only one doing some broker shopping as this unwinds. I am curious on where you are thinking about transferring your account to if and when we get some cash back. What actions are you going to take in order to minimize this segregated risk...
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    Anyone pulling money out of MF Global?

    Anyone get their Asian and European positions transferred? All I have showing up is CME so far.
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