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it's advertising fraud. your tell customer it's insured than change it in a day's notice saying it's now unisured. and they dont' even sweep anymore? sipc and finra should never have approved these universal accounts as futures accounts in most FCM are not insured for good reason...look...

no FCM insures futures account because futures is too leverage and risk like 90% leverage okay nobody will insure it. and the gov't couldn't care less about insuring a casino in zero sum game. the fact is retail traders will lose their money from market losses than loss from firm...

Do you know how big a deal is? It means your cash in futures is not insured and your account may not be insured if firm become insolvent like MF global since these firms use your cash to trade the market. if firms loses money, the exchange takes the money from the brokers clearing...

The fact that IB didn't give clients at least 30 days notice to close their accounts from the fact their futures positions are no longer insured supports my thesis theives have honor. How can SIPC name be on IB website since your 'univesal' account is not insured in the futures account. I'm...

So the broker interactive broker is not transferring money from futures account to stock account in excess cash. Now the reason some traders open an account futures with interactive brokers is the percieved fact that their cash is protected from broker fraud or firm insolvency. The f act...

There is among theives in wal lstreet in chicago or New York. At one time broker firms were not public companies and exchanges were not public companies. The fraud in wal lstreet started to go big time when companies like goldman sachs lehman bros went public and the exchange was no longer old...