Harbor Securities

Anybody who posts any type of deposit with these firms should realize they only have about a 50/50 chance of getting it back. Almost all of them are Titanic's getting ready to hit an iceberg. You are going to see about 30 to 50 more head for the great trading pit in the sky in the next 6 months. Wake up kiddies, these new regs weren't designed to keep these places in business, only to put them out of business.:cool:
 
Originally posted by tradex21
Anybody who posts any type of deposit with these firms should realize they only have about a 50/50 chance of getting it back.
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How do you figure a 50/50 chance? I count one company that went under and 30-50 that are still in business. I guess there could be a few more that went under but that's not anywhere near 50%. I would think the risk of being in a hedge fund is much higher.

Since Harbor Securities went under the SEC has tightened their controls and regularly audits the LLCs. It appears that Harbor was a business that had very little... if any type of risk control.

Fletch
 
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