I would remove all funds from US based brokers as the shits ready dominos effect is started and will not stop.
emg with his $800,000 or $8,000,000 or $80,000,000 and continuing to trade 1 contract should prepare a withdrawl notification with its broker or we might see another thread, "Where did I go wrong, and I LOST!!
They sure love to get in there an "protect" those customers don't they? Can't imagine a worse position for a trader than to be locked out and frozen. Reminds me of when they "protect" shareholders by delisting stocks lol
I can only imagine the level of screaming if they did this, as premiums are passed through to traders.
See Page 2, bullet points 7, 8, and 9. http://media.futuresmag.com/futuresmag/article/2012/07/09/PFGBestNotice.pdf
I have to imagine no firm is safe. pretty scary stuff. I wouldn't be surprised if any firm closes. Luckily, I have my money with a Nigerian representative who only needed 100,000 before he gives me lottery proceeds of over 15 million. Is this a great world or what?
um.. does that say they are missing 200 million? and its been that way since @ least 2011?? So they just make up bank records and send them into NFA and NFA never audits them? heck of a system!
Scott Slutsky St. Maarten PFGBEST http://www.youtube.com/watch?v=1kYzBJrfdG0 Scott Slutsky "LIVE" from Florida http://www.youtube.com/watch?v=zgvZWY0Uw80