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MF Global collapses ?
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Greenbean
Senior |
03-Nov-2011 00:20
Yells: "Live green. Let it be GREEN." |
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Worried Singapore investors descend on MF Global office    6.28 pm BUSINESS TIMES
November 2, 2011, 6.28 pm (Singapore time)
Worried Singapore
investors descend on MF Global office
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Richman
Veteran |
03-Nov-2011 00:10
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I was there but what can I do... All my shorts in CFDs is freeze.  If price shoot up, I  will be losing money.
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bsiong
Supreme |
03-Nov-2011 00:00
Yells: "The Greatest Wealth is Health" |
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MF Global collapse haunts Indian investors too  |
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Juzztrade
Veteran |
02-Nov-2011 11:36
Yells: "Techincal and long term investor" |
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Anyone happen to be there this morning?   http://business.asiaone.com/Business/News/My+Money/Story/A1Story20111102-308272.html   |
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louis001
Master |
02-Nov-2011 11:02
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(Reuters) - MF Global Holdings Ltd failed to protect customer accounts by keeping them separate from its own funds, said a top U.S. exchange regulator..... MF Global cannot account for a large amount of customer money that was supposed to be kept separate from other funds, sources said, and regulators are scrambling to review the broker's accounts. The cause of the shortfall -- including whether the company pilfered client funds or merely cannot account for the money -- was not clear. The Federal Bureau of Investigation is showing preliminary interest in regulatory probes, a person briefed on the matter said.MF Global did not keep customer accounts separate from the firm's funds.....// |
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baberic
Senior |
02-Nov-2011 10:27
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Really, financial crisis and bankruptcy, one after one after one another  ever since because of Osama, or was it because of Obama?  LOL?? | ||||
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baberic
Senior |
02-Nov-2011 10:24
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I think all missing money is by hacking into bank/financial system by electronics and computer scientists of a middle east country.  Be careful they using all pilfered money to build or steal technologies and create nuclear bombs capabilities.  USA and western nations better be on guard.  Your money vaults are all being emptied with your gold bullion taken.  This secret country when they know they are too rich and powerful will aspire to rule the world soon.  Hahaha, but be serious and think about it. The end of the world might be because of this one.
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rotijai
Supreme |
02-Nov-2011 10:12
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it's one of the big brokering houses.. but again the prob tat we are facing is still euro debt crisis.. which will affect all the big banks
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louis001
Master |
02-Nov-2011 10:08
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stay cool, it's not a big bank or MNCs, it's just a brokering house, multi-millions of dollars of client's money missing worldwide... the one who is affected are it's clients .... NY market already factored in the news...stay cool....
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seanpent
Elite |
02-Nov-2011 09:56
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Not sure if market has yet to factor in MF Global collapse ? Any impact on those companies having dealings with MF Global ?    |
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baberic
Senior |
02-Nov-2011 09:11
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I think the PM is trying to allow market to find its own level.  Many people are still shorted and would die if the market continue to go up.  But of there are lots who will also die in a super heavy market fall.  Stock markets are always dangerous to invest indiscriminately. | ||||
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Joe2020
Veteran |
02-Nov-2011 09:04
Yells: "I am the Oracle sent forth unto you that ye shall be warned" |
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What do you think of their ethics? His wife and relatives are shorting the market...once they closed their short position he will announce that the referendum gets 70 vs 30 approval,,,,Viola!! market shoot up again,,
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teeth53
Supreme |
02-Nov-2011 08:49
Yells: "don't learn through life, learn to grow with life " |
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He wanted to cut all Greece into pieces, execept himself. He must hav shorted very heavily in stk, bond and in any amount, in all  kind of money equity. Now collecting and harvesting what it at stake.
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teeth53
Supreme |
02-Nov-2011 08:37
Yells: "don't learn through life, learn to grow with life " |
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Tis Greece PM even more garang then both of them. playing fire with fire. He is not a crisis leader intime of need. He should hav call for a crisis meet - close door.
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Juzztrade
Veteran |
01-Nov-2011 21:55
Yells: "Techincal and long term investor" |
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MF Global did not separate customer accounts01 Nov 2011 21:07
CHICAGO - MF Global Holdings Ltd, the futures broker that filed for bankruptcy protection on Monday, did not separate its customers' accounts from the firm's funds as required by law, its main exchange regulator said on Tuesday. 'CME has determined MF Global is not in compliance with Commodity Futures Trading Commission and CME customer segregation requirements,' CME Group Inc Chief Executive Craig Donohue said. Futures brokers must keep customer accounts separate from each other and from the firm's own money. Mr Donohue said CME is looking into exactly what happened at MF Global. -- REUTERS |
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EdwardLiu
Senior |
01-Nov-2011 20:23
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01 Nov 2011 MF Global Singapore Pte Ltd (“MF Global”) has informed Singapore Exchange Limited (“SGX”) that it has appointed provisional liquidators from KPMG to oversee the winding down of the company, The appointment does not affect the transfer of customers’ derivatives positions on SGX from MF Global to other clearing members. SGX will continue to facilitate the orderly transfer of positions. Derivatives customers who wish to transfer their positions from MF Global to other clearing members should contact MF Global to do so. Alternatively, the derivatives customers may choose to liquidate their positions directly with MF Global. MF Global is currently meeting their financial obligations to the SGX’s derivatives clearing house. | ||||
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victortan
Master |
01-Nov-2011 16:41
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In fact, CNBC was reporting this MF got problem a few day back, it share fall 50% within one day. And because my friend is T3B student , they got acc with MF,   they told me MF is good because it is direct market access, luckily i already have CFD with other security and was doing ok, so i did not bother to find out from MF, otherwise today also panic, dont know what will happen to my trade. But i think your fund shd be safe. Was told by my friend that the money in the client trading acc is a fence fund, not link to the company. so should be safe. But your trade, i dont know, find out fast. 
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august
Senior |
01-Nov-2011 16:32
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ting ting ting..too late..shipped sailed... mfg not answering any calls,.. i cannot get into my platform...my request for account cancelation also no reply...  now only waiting MAS to say something... alittle mute now |
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Juzztrade
Veteran |
01-Nov-2011 16:28
Yells: "Techincal and long term investor" |
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Good piece of advice here... I will do that, first thing tomorrow morning. Cheers!
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victortan
Master |
01-Nov-2011 16:27
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Leveraging ??? 5 top financial inst. in US got some 200 T in derivative, you got to be real scare, if US dip into recession next year. | ||||
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