Is cash no longer fully insured in an IB account ?

"2. That IB holds commodity cash balances solely in either short-term U.S. Treasury securities . . . <b>and general obligations of a sovereign nation</b>."

I thought the rules had just been changed disallowing investment in foreign bonds?

 

they need to be accountable to the letter of the law,which seems to be undefined,if we the people don't prosecute,then it's candy in front of a baby,we need to clean house in this election,eradicate all the rep/dems,they are just laughing at us, and see how the machine works without all the backdoor deals

 

don't ave any proof,but what about the trillions already invested in foreign bonds,large positions being held by these giant firms, this loophole may have to stay open as a tool for the fed and bank/trading firms that are working thru this dogpile

 

Aside from what has already been noted in terms of how our policies and practices differ from that allowed and what has been reported as taking place at MF Global, I'd note that the management and employee ownership of IB (at 88%) provides a strong incentive for management to act prudently and not expose its capital and thereby client assets to undue risks.

 

Vote for Ron Paul

 

CFTC rule change:

"Once implemented, <b>the new CFTC rule also would prohibit futures merchants from using customer cash to invest in potentially risky foreign sovereign debt.</b> It would also restrict investments in money market mutual funds. Investments in Treasuries, US agency debt as well as certain corporate notes would still be permitted. Market participants also may petition the CFTC for an exemption from the rule's restrictions on a case by case basis."

"<b>The vote Monday was five-zero. The changes to the CFTC's rule take effect 60 days after they are published in the Federal Register</b>. Futures merchants would have 180 days after publication to comply with the changes."

http://www.efinancialnews.com/story/2011-12-06/cftc-cotes-restrict-client-funds

 

Can we short sovereign bonds in an sipc protected account?

 

the lawyers would eat this law up with a simple"the definition of potentially risky foreign debt"is not clearly outlined,hell all forieign debt is potentially risky,that's basically a no change ,change

 

So are you saying this is just lip service...

 

par for the course in DC,at goldman,jpm