futures and forex brokers aren't insured like the SIPC and this guy is a hedge fund so any money lost is gone.
SEC and SIPC and all the market regulators at least a billion in fees and taxpayers funding. and this is all they can do. arrest. no preventative measures. QUOTE]Quote from CommunistMonkey: When putting together a $50 billion fraud you'd hope they could catch it year 1. Our tax dollars at work...accomplishing nothing. [/QUOTE]
its funny how none of these guys get busted when the market is going up...wall st has never had an ethical bone in its skeleton.
i agree with that. all the high profile busts and alledged fraud goes on after a meltdown. as long as things are going good,people don't give a shit if the company they invest in is a scam,but god forbid they lose money...
No one should invest in hedge funds or mutual funds, and have to pay fees. I bought some zero coupon treasuries 7 months ago and they are up 54%.