Discussion in 'Retail Brokers' started by Swan Noir, Nov 24, 2011.
http://www.elitetrader.com/vb/showt...&highlight=segregation swan noir&pagenumber=1
You were spot on in your analysis.
read the advice given in the last post.
Nice call Swan.
Call of the year to Swanie!
It is interesting to see some folks were quite certain "segregated" funds where safe.
Including at least one ET sponsor.
I put that thread in the ET Hall of Fame.
Swan Noir - You're not Taleb are you?
"quite sure" seems to be an achilles heel of many a trader
Thanks for the Hale of Fame nomination ... lol. The truth is all i did was read a few paragraphs of the rules and it was plain as day.
And no ... I'm not Taleb.
If you're talking about this:
"Swan, it would be a first in the United States. Has not happened to date. For that matter, you should also concede that one could conceivably get screwed over if they hold a regulated insurance policy of any kind."
What he said was 100% accurate at the time. And we still don't know how things will pan out at MF Global. It's certainly a scare for many, but no one knows how much (if any) funds will be lost in segregated accounts.
Separate names with a comma.