Google Abn Amro censure, options express censure, State Street global markets censure just to warm up. From there you shall find the rest. Countless FCMs were fined in the past for lack of disclosure, misleading clients, and short changing clients. I hope you don't imagine their clients to have benefitted from such violations.
The problem with banks and wire transfers
- Thread starter J.P.
- Start date
Need everything spoonfed and if you don't you start shooting the messenger? I never said customers lost huge amounts of segregated funds. Read again carefully. There are numerous incidences where wrong communication, information flow, misappropriation of funds, etc, caused clients to lose money. They sued or complained and won a suit or arbitration or the regulator censured the fcm.
You appear to be pursuing different motivations than just clarification. You have 13 posts, just joined, and don't even seem to bother to read carefully. Working for an Fcm?
You appear to be pursuing different motivations than just clarification. You have 13 posts, just joined, and don't even seem to bother to read carefully. Working for an Fcm?
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You're the one who said "i can off the top of my head rattle down a list of a dozen issues with FCMs where clients lost money, sometimes huge chunks." If that were true, you could have written down the dozen "sometimes huge" losses in less time than you spent composing your recent information-free posts.
No, I dont have to do anything here if I don't want to. Do your own homework or disbelieve me and move on. And yes you would get a different treatment if you had an established track record of contribution on this site. But you don't.
But you certainly did want to brag that you could "off the top of my head rattle down a list of a dozen issues with FCMs where clients lost money, sometimes huge chunks." Understandably, since you're wrong, you're much less eager to follow up.
Save yourself a bunch of aggravation and just block the guy. He's so predictable that I can tell who you're talking about even though I have him blocked and can only see your side of the conversation! Eventually if we all ignore him he'll just be ranting into the wind.
Brag? No, I simple stated a fact. "since you are wrong..." shows the flaws in your logical reasoning because there is no cause and effect here. I simply stated that there are numerous cases where FCMs have lost clients money because of unethical behavior or misconduct. Not that this is a standout in the financial services industry but fact is that FCMs are not any more ethical than investment banks, for example. Anyone can freely do a google search to find out more. And if you need me for that then you have more serious issues to deal with. That is all I have to say about this topic.
Oh no, I am being attacked by FCMs. How many more fresh aliases have you guys reserved for yourself? Here take a look:
