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    Forums > Direct-Access Brokers > Retail Firms > RCG: The bad action of a few tarnish the good work of so many


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Old Jul 12th, 2012, 09:08 AM   #1
Andromeda
 
 
Join Date: Mar 2009
Posts: 103
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Old Jul 12th, 2012, 09:22 AM   #2
Tsing Tao
 
 
Join Date: Mar 2009
Posts: 11,350
A nice letter, but so what? MF Global did some nice PR work, too. Didn't help those who had funds locked up.

Words are wind!

Oh, and I'd also like to add that "the bad actions of a few" is rather an understatement. A lot more than "a few" bad apples are in the financial industry. What firms like RCG need to understand is that it is not nice letters that restore trust, but competent regulatory agencies and prosecutions for theft and fraud.

Without those, investors know that is no real penalty for criminals to continue their schemes, and therefore they will do just that.
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Old Jul 12th, 2012, 09:48 AM   #3
TraDaToR
 
 
Join Date: Dec 2006
Location: Lausanne, Switzerland
Posts: 4,116
Words are useless but this reassures:

http://media.futuresmag.com/futuresm...eg%20funds.pdf

Any FCM should do the same.
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Old Jul 12th, 2012, 12:46 PM   #4
logic_man
 
 
Join Date: Oct 2010
Posts: 1,489
Anyone know why RCG has the lowest amount of excess capital relative to adjusted net capital among the CME-regulated firms? What's the strategy behind this?
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Old Jul 20th, 2012, 08:48 PM   #5
ThatManFromTx
 
 
Join Date: Feb 2003
Posts: 39
Quote:
Quote from logic_man:

Anyone know why RCG has the lowest amount of excess capital relative to adjusted net capital among the CME-regulated firms? What's the strategy behind this?
They're not the lowest....

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Old Jul 20th, 2012, 09:51 PM   #6
tiddlywinks
 
 
Join Date: Mar 2007
Posts: 617
Read the footnotes on the FCM report.

Your Excess/Net calculation MEANS NOTHING.
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