I am very curious why anyone is still using refco to trade thru?? this is a serious question............thanks in advance
Refco Capital Markets Group has nothing to do with futures trading. This is the division that is affected, and has nothing to do with Refco LLC where accounts are segregated.
You right Apex...but ...when the s*** hit the fan... http://www.bloomberg.com/apps/news?pid=10000087&sid=aPlCJ.Zungl4&refer=top_world_news
"Back in 1994, Refco was fined $1.25 million for dipping into customer accounts to pay loans, borrowing as much as $123 million from the funds on an ``almost daily basis,'' the Commodity Futures Trading Commission said at the time. " It can be done.