Big elephant in a room - Genesis Securities stole traders money?

A

aiforce1

Now its a fact that top management of Genesis securities not refunding ANY funds that belong to traders, there close to 1 mol dollars of my and my traders money stuck in their coffins.

Whats even more f&* up that no one posts anything and everyone is hush hush about it.

Wake up people, its time to get a lawyer and throw around some personal lawsuits!

Waiting and hoping will NOT refund your money!

God damn another TYCO!

Fess up and stop hiding!
 
Quote from aiforce1:

Now its a fact that top management of Genesis securities not refunding ANY funds that belong to traders, there close to 1 mol dollars of my and my traders money stuck in their coffins.

Whats even more f&* up that no one posts anything and everyone is hush hush about it.

Wake up people, its time to get a lawyer and throw around some personal lawsuits!

Waiting and hoping will NOT refund your money!

God damn another TYCO!

Fess up and stop hiding!
More...

It's TUCO.
 
Quote from aiforce1:

Now its a fact that top management of Genesis securities not refunding ANY funds that belong to traders, there close to 1 mol dollars of my and my traders money stuck in their coffins.

Whats even more f&* up that no one posts anything and everyone is hush hush about it.

Wake up people, its time to get a lawyer and throw around some personal lawsuits!

Waiting and hoping will NOT refund your money!

God damn another TYCO!

Fess up and stop hiding!
More...

More details please
 
Did you trade prop, retail, through a group (Bear by chance?)? please explain.



Quote from aiforce1:

Now its a fact that top management of Genesis securities not refunding ANY funds that belong to traders, there close to 1 mol dollars of my and my traders money stuck in their coffins.

Whats even more f&* up that no one posts anything and everyone is hush hush about it.

Wake up people, its time to get a lawyer and throw around some personal lawsuits!

Waiting and hoping will NOT refund your money!

God damn another TYCO!

Fess up and stop hiding!
More...
 
Quote from gr8tr8r:

Did you trade prop, retail, through a group (Bear by chance?)? please explain.
More...

Bart and Con i guess blew up and all the traders funds with them
 
Quote from aiforce1:

Bart and Con i guess blew up and all the traders funds with them
More...

This is what I have heard. Bear Trading got hit with a huge loss from a foreign group. That basically shut them down. They screwed over many of their foreign traders, but paid off US ones. They started a new group but I'm not sure what the name of it is.

I don't think Genesis has stolen anyones money. Bear just had a retail account with them that lost it's money. I don't think Genesis can be blamed for that. However, can this be part of the reason Genesis is leaving the clearing business and just focusing on Laser?
 
Quote from gr8tr8r:

This is what I have heard. Bear Trading got hit with a huge loss from a foreign group. That basically shut them down. They screwed over many of their foreign traders, but paid off US ones. They started a new group but I'm not sure what the name of it is.

I don't think Genesis has stolen anyones money. Bear just had a retail account with them that lost it's money. I don't think Genesis can be blamed for that. However, can this be part of the reason Genesis is leaving the clearing business and just focusing on Laser?
More...


All of their eastern European outfits are working fine, ppl are trading, but they moved all accounts to LEK Securities since Genesis not clearing prop accounts.. just these two Bart and Con screwed up many traders because somehow they used traders money to pay off their trading loss.. I wonder if they have a facebook page.. anyone remember their last names? Several pool leaders are left with NOTHING ... Thats the danger of having uninsured prop account account
 
Quote from aiforce1:

Now its a fact that top management of Genesis securities not refunding ANY funds that belong to traders, there close to 1 mol dollars of my and my traders money stuck in their coffins.

Whats even more f&* up that no one posts anything and everyone is hush hush about it.

Wake up people, its time to get a lawyer and throw around some personal lawsuits!

Waiting and hoping will NOT refund your money!

God damn another TYCO!

Fess up and stop hiding!
More...

didn't genesis have other prop firms under it? are they going belly up too? if i was a member of those smaller firms i would pull my money out now just in case.
 
who does business with a guy named con


Quote from aiforce1:

All of their eastern European outfits are working fine, ppl are trading, but they moved all accounts to LEK Securities since Genesis not clearing prop accounts.. just these two Bart and Con screwed up many traders because somehow they used traders money to pay off their trading loss.. I wonder if they have a facebook page.. anyone remember their last names? Several pool leaders are left with NOTHING ... Thats the danger of having uninsured prop account account
More...
 
Quote from bigpapi:

who does business with a guy named con
More...

you don't do business with someone named big con. plain old con is just chicken feed. meaningless rightBIGpapi!.:D
 
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