Refco Fallout

yawn is not a useful response. a suggestion how to bring these threads together might be useful

 

sec?

bigger budget from congress?
enhance their reputation of acting after the horse leaves the barn?

 

agree with there...a picture is worth a thousand words

w

 

<img src=http://ichart.finance.yahoo.com/z?s=RFX&t=3m&q=c&l=on&z=l&p=s>

 

mm... maybe.

but think along the lines of evil corruption hid from the eyes of the public.

 

Investors are also suing Refco, and are expected to name the underwriters and auditor to the class actions that lawyer Melvyn Weiss said his firm, which has already filed a shareholder action against Refco, would soon add the accountants and underwriters as defendants.

 

You having a laugh aren't you?

Refco have/had 125m shares in issue (some 25% of which were sold at the IPO netting the company approx $688m) the drop in the share price took roughly $1bn off the company value - however, FXsKaLpEr statement suggests, nay dictates, that to every "long" i.e. owner of the share there exists a corresponding "short". A little knowledge and all that.......

 

If you have the contact info or where the above law firm is located or website etc I would appreciate any assistance.

w

 

www.refcoclassaction.com but thats only for investors, not customers...

 

http://www.dailyspeculations.com/vic/refco.html

Niederhoffer on Refco.