Mark Fisher will be on CNBC Halftime report tomorrow to confront allegations.
The ACD Method
- Thread starter sbrowne126
- Start date
My second alias has been exposed!!!!! 
CFTC sues MBF Clearing for allegedly failing to segregate customer accts. MBF: Placed funds in acct. to protect cstmrs from Lehman collapse.
CNBC just tweeted.
CNBC just tweeted.
From MBF website:
"PRESS RELEASE
March 13th, 2012: During the financial crisis, MBF Clearing Corp. invested customer segregated money in a U.S. government money market fund in the strongest bank in the world, JP Morgan. Today the CFTC filed a complaint alleging that the JP Morgan account did not meet the CFTC's requirements for a customer segregated account. The complaint admits, however, that MBF Clearing Corp. was informed by JP Morgan on the actual account statements that JP Morgan sent to MBF Clearing Corp., that the account was, in fact, a âCommodity Customer Segregated Bank Account.â What the Complaint fails to say is that MBF Clearing Corp. had placed its customer funds into the JP Morgan government money market account two days after Lehman Brothers filed for bankruptcy, for the sole purpose of protecting its customers' funds by depositing them in the safest bank in the world and in the most secure investments, namely U.S. government securities. As soon as MBF Clearing Corp. was notified by the CFTC that the JP Morgan account might not qualify for segregation, MBF Clearing Corp. moved all of the customer funds out of this account and reported what had occurred to its designated self-regulatory agency, the CME Group, Inc. Not a nickel of customer money was lost. "
Seneca
http://www.businessweek.com/news/20...over-claims-customer-funds-weren-t-segregated
I am posting this because Mark Fisher is quoted here.
I am posting this because Mark Fisher is quoted here.
missed that, what did he say?