Being very cruel indeed. Bwo lost his money and his client's money. Everyone here hates bwo, but still lets not be this cruel to Bwo. Seriously, this thread is uncalled for.
Apologies for the gossip. I wasn't trying to provoke, only start a discussion. That is why I left the O.P. blank. Clients? cheers
I don't understand why the information is uncalled for. It is always good to be reminded that the market doesn't care who you are, and is bigger than anybody.
For the record, the guy only had about 20k with PFG. I know, I get the spam e-mails all the time from World Cup Advisors and I have all his numbers. To his credit, the guy was profitable and was trading with real money. I'm assuming that 20k was not his life savings and therefore, while PFG hurts, he loses the subscription revenues he was getting, he can just as easily pony up another 20k and open up another account somewhere. I am curious what is going to happen with World Cup Advisors. They went all in with PFG and built their entire business around that firm. What happens to them now?
<img src='http://s3.reutersmedia.net/resources/r/?m=02&d=20100427&t=2&i=98092986&w=460&fh=&fw=&ll=&pl=&r=2010-04-27T045324Z_01_BTRE63Q0DL300_RTROPTP_0_GERMANY-IFO'>
It looks as though they're using "Straits Financial" for clearing. SF is a division of CWT Ltd. ($750MM mcap) in Singapore. http://www.robbinstrading.com/open_an_account/ CWT Ltd.