No one ever lost any money in a futures account?

[jlancaster]

I heard that no one has ever lost money with an FCM in a US-regulated futures trading account. Is that true? People have needed to wait for their money due to some major issues, but no one, ultimately, lost any funds as the segregated-account system combined with other regulatory safeguards worked. Is that correct?

PFG customers have only received a portion of there funds after PFG's fall. But I believe after PFG fiasco, the NFA has gotten a lot more strict where now the NFA has access to the FCM's online banking...The owner of PFG doctored bank statements when they were audited.

 

[J.P.]

after PFG fiasco, the NFA has gotten a lot more strict where now the NFA has access to the FCM's online banking...The owner of PFG doctored bank statements when they were audited.

I didn't know that. Presumably this will thwart any of this from happening in the future. Thanks for posting that additional information.

 

[LacesOut]

Can't trust anyone anymore.
The segregated account used to be the golden goose of futures trading.