Without any doubt MF Global will file for bankruptcy, here is why:

If you trade futures at MF Global, there's no need to freak out. Segregated Accounts.

Segregated account: An account separate from brokerage firm accounts. Segregated accounts hold customer funds so that if a brokerage house becomes insolvent, the customers’ funds will be readily recognizable and will not be tied up in litigation for extended periods of time.
 
Hi to all,



I have been thinking about segregated accounts and I believe that if the FCM can’t use the client’s money on the segregated account why they pay interest on this money? If they pay interest I believe they are using the money to do whatever they want and the segregated account is not 100% safe. Someone agree with me? Do you believe Tbills on the account are safer? Any opinions are welcome.



Regards
gapellegrini
 
most future accounts are not segregated accounts. FCMs are not regulated by SEC and they are not required to have segregated accounts for their clients.
 
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