PFG freezes accounts, CEO attempts suicide

This is like the 1970s again. Crappy volatile markets for retail investors, brokerage firms blowing up, missing securities,etc..

Like Hayden Stone etc.. days.
 
Quote from BlueTurtle:
... Luckily, I have my money with a Nigerian representative who only needed 100,000 before he gives me lottery proceeds of over 15 million...
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LOL!
 
Quote from Chicago_CTA:

Those ATLAS ratings are truly laughable. I bet nobody who works for that firm has ever traded a single lot.


Would you really open up an account with INTEGRATED BROKERAGE SERVICES and Frank Lesh, a convicted embezzler before using Crossland, LLC out of the Chicago Board of Trade building?!?


....ANd good luck opening up an account at BOCI or "Stephens, Inc."

What a joke.

And IRONBEAM over Advantage?!!

ADM is in the middle? They have $4 BILLION in *net* revenue; $42 BILLION in total assets and are predominantly a COMMODITIES PROCESSING COMPANY with physical, producing assets all over the world, especially here in the US.
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I was thinking along the same lines. I don't have time now to look through their criteria, but something seems odd.
 
Quote from noob_trad3r:

This is like the 1970s again. Crappy volatile markets for retail investors, brokerage firms blowing up, missing securities,etc..

Like Hayden Stone etc.. days.
More...
Why were they blowing up in the 70s? Surely not low rates on float?? :confused:
 
Quote from justrading:

http://www.cftc.gov/PressRoom/PressReleases/pr6300-12

It goes back to at least Feb 2010 and no auditor ever picked it up.

Fat lot of good having all those alphabet soup regulatory agencies supposedly looking after our interests.
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There is no oversight anymore, at least none that can be trusted. We're now in an era where financial statements, earnings reports and statements of financial condition can be and are falsified and the regulators are either incompetent or in collusion with those they are meant to regulate.

At this point, the only thing anyone who chooses to continue to participate in the financial markets can do is to take a gamble that the broker they have their money with isn't one of the bad ones. But understand that we are ALL gambling with our money now, just by having it sit in account with with ANY broker anymore, because no one truly knows anymore. Truly we are in the moment in time where return OF your capital is far more important than return ON your capital.

Good luck to all.
 
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