An interesting peice on MF Global
http://finance.fortune.cnn.com/2012/06/ ... mf-global/
MF Global
What is going on with these brokers?
PFG's accounts frozen after founder attempts suicide
http://www.bbc.co.uk/news/business-18779162
PFG's accounts frozen after founder attempts suicide
http://www.bbc.co.uk/news/business-18779162
I was only looking at their website last week, as I'm starting to think about trying Forex.
I'm not sure anyone can be trusted anymore. We've had this discussion about BF before. I suspect if everyone tried to withdraw their banks, BF wouldn't have enough money to cover it
I'm not sure anyone can be trusted anymore. We've had this discussion about BF before. I suspect if everyone tried to withdraw their banks, BF wouldn't have enough money to cover it
if you are going to go down the forex route I'd definately go with one of the larger companies and do your due dilligence the same as with anything. Check out reviews for whatever broker you are with. The internet is pretty good for stuff like that.
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There is no way they could as they don't have our money sitting in Bank accounts ready to dish out.LeTiss 4pm wrote: We've had this discussion about BF before. I suspect if everyone tried to withdraw their banks, BF wouldn't have enough money to cover it
I remember last year on the conference call they were asked about their exposure to Greece, thankfully, from memory they said they weren't exposed!
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Just been catching up on some shows and this is worth a watch, it focuses on MF Global in this episode.
Bankers: Risking it all Episode 2
http://www.youtube.com/watch?v=qaby8PjBH4M
The other 2 episodes are also worth a watch and are also on Youtube but no longer iPlayer.
Bankers: Risking it all Episode 2
http://www.youtube.com/watch?v=qaby8PjBH4M
The other 2 episodes are also worth a watch and are also on Youtube but no longer iPlayer.
Last week a trustee won a court order that will likely lead to a complete recovery of the $1.5 billion shortfall left in customer accounts after Jon Corzine's MF Global crashed and burned in October 2011. So, was the money never really missing in the first place?
http://features.blogs.fortune.cnn.com/2 ... n-corzine/
http://features.blogs.fortune.cnn.com/2 ... n-corzine/