Quote from InvestVision:
Sorry to hear that .. I thought Client money should be safe .. but learning this one .
Where is the money? At least $100 million in client money is missing. This is a cardinal sin in the world of investment banking. Client money cannot be borrowed or mixed with house money. Should the suspicions prove true, this will be more embarrassment.
http://www.marketwatch.com/story/3-big-questions-for-mf-global-fiasco-2011-11-01
Well lets see what happens. I am worried but not a lot because I had a very little amount in the account.
On the other hand I am also very happy because only 2-3 weeks back I was thinking of deposting a HUGE amount and going long on Gold with low leverage. Thankfully I decided to wait till gold drops to around $1200. Otherwise it would have been a catastrophe.