IB Fined by CFTC

there will be a time that the CFTC will regret its rules about segregation ONLY in $US.
the CFTC is behind the times.

 

not really as IB has exposure to many currencies and it was marked to market.

 

Stick with TDA and Optionsxpress.

 

"Exactly," said Corzine, "I have customers' money in European bonds. Customers' money is still there, it's just not in US dollars, but in European bonds."

 

stick with JP Morgan and Goldman Sachs

or better yet start investing in the CFTC (or at least start bribing them)

you guys crack me up

I get fined 100k because I built a barbeque smoke house on a wetland, and you all side with the EPA?

 

stick to the facts. there is a big risk difference between currency and bonds.

 

There is still FX + rates risk if you have customer liabilities in ccy A but hold it cash in ccy B ? Ofc its a punt.

 

If this is happening to you guys, I've got things to worry about with regard to some of my ambitions.

 

wft IB...

please explain why customer segregated funds had to put into anything but what the customer was in.

Until this is explained... I think we all should have a trust issue.

I remember when this corzine thing came about there was an accusation you all were hypothecating (spelling - tense) too.

Those words on the account...
"customer segregated"

do they not mean anything.

Its seems like regulators have allowed a complete fraud.

Please explain... in in clear language.

And by the way... who got the profits these nightly trades.

 

On a scale of 1 to 10 this might be a 2 ... or even a 1. This is really a small matter.