http://financialservices.house.gov/UploadedFiles/CME_Group_Response.pdf Looks like MF broke the rules transferring customer funds to meet...
So true, as CEO of what was primarily a retail firm his first obligation should have been to customers not about building a mini Goldman. If...
Sorry about the slow reply. Paragraph 3 is actually a footnote within the brief filed. It quotes from CFR' on CEA brokerage bankruptcy. As far as...
For sanity's sake, it's worth reading a portion of CME's arguments in favor of the motion that resulted in this "true up" distribution of ~ 2.1...
Dangerkitty, Thanks for posting this
Looks like the malfeasance was deeper and of longer duration than most of the press reported earlier....
+1 Looks like Canadian Accounts are getting placed with RBC...
I was told my account went to RJO some time ago. The RJO site had some generic text about account numbers, but I could never set anything up...
I don't know how MF customers are fairing but 60% of my flat (cash) acct landed at RJO on Thanksgiving Day. I wonder how long before the balance...
It reflects a sequence of events driven by greed - order matching computers work cheaper than people. I suppose this reflects progress and the...
Bankster greed killed liquidity by obsoleting the 'floor'. Now screen traders have to consider both the markets and the condition of their brokers...
Looks like the POS trustee has begun to cave under the wave of complaints and lawyering rolling in. Reading the full motion through, this is...
The only challenge I have to what you've written is using JP Morgan and the word decent in the same sentence. These folks play dirty pool (I guess...
I believe his mandate is to address the interests of all customers. Given that MF Global was a 'broker dealer' in treasuries this probably...
The original statement filed by the trustee implied that this entire action was primarily to protect the interests of customers of the brokerage....
Sent one a long time ago - They don't seem to respond to anything. The trustee's reference to accounts in limbo as 'unsecured creditors' remains...
Nice. I'll bet there's a silent run on many FCM's. The clearing members, FCM's, and the exchanges help shape CFTC's regulatory mess. The real...
The longer the trustee drags out this liquidation the more scrutiny the entire industry will come under from client funds security perspective....
The central issue with MF Global is how customer segregated funds were handled and what they were invested in. A focus on who jumped ship in the...
With more read through it seams likely that MF Global's holding company influenced the brokerage arm to shift customer segregated funds into...
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