Did you happen to see what happened to those segregated and guarenteed accounts after the futurewise scandal? I have a friend that still doesn't have his 100k back.
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Refco Account Security
- Thread starter Htrader
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Did you happen to see what happened to those segregated and guarenteed accounts after the futurewise scandal? I have a friend that still doesn't have his 100k back.
Quote from nassau:
I totally agree with you.
Massive over reaction.
w
Maybe so but I have other things to pay attention to today without having to worry about my funds being frozen at refco. Glad I got out when I did and frankly just don't get those who didn't. Where's the reward for the risk (even if you believe it is negligible that they will be in limbo for a while) in keeping your funds there?
Yes just fine thanks....same with refcopcg
There is a lot of girly panicking going on round here....my advice is take a deep breath!
The futures group (Refco LLC) will be bought up in a heart beat, biz will continue under a different name...can't speak for the FX side!
Rumors on Chicago floors are that CFTC is calling other FCM's to see who is interested in the biz...tough call as there is so much retail stuff.
Peace & Profit
Quote from Mvic:
Maybe so but I have other things to pay attention to today without having to worry about my funds being frozen at refco. Glad I got out when I did and frankly just don't get those who didn't. Where's the reward for the risk (even if you believe it is negligible that they will be in limbo for a while) in keeping your funds there?
agree it is not fair..
this effects all..persons just trading the stock..
I now have several hundred k tied up / frozen...
nothing to do here..listen..and wait..
until then...I'm looking for another trade...
w
Quote from fitrol:
Yes just fine thanks....same with refcopcg
There is a lot of girly panicking going on round here....my advice is take a deep breath!
The futures group (Refco LLC) will be bought up in a heart beat, biz will continue under a different name...can't speak for the FX side!
Rumors on Chicago floors are that CFTC is calling other FCM's to see who is interested in the biz...tough call as there is so much retail stuff.
Peace & Profit
agree with your comments.
Is just one of the facets of our crazy business...
Good luck with your trades also.
w
Maybe IB could buy it out ... set it up as a small floor-broking shop, and integrate the rest ....
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