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No they are not belly up. No your money is safe with LFG. Yes they are a
great firm. They just had a problem with the NFA regarding a private
offering they were in the process of marketing to allow them to be a FCM
versus IB. All is well with the firm.
I dare anyone to find a better responding owner of any IB. Rich is
available anytime you need him. Yes they are good enough to be true.
-----Original Message-----
From: JMB <traderguy@xxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Saturday, June 20, 1998 3:24 AM
Subject: Re: Advantage Trading Group
>On Thu, 18 Jun 1998 20:11:08 -0700, you wrote:
>
>>Does anyone know what has happened to Advantage? All their phones have
been
>>disconnected.
>>
>>Thanks,
>>Kim.
>
>
>Kim,
>
>Several months ago I posted a message that "I was looking for an LFG /
>LEO-WEB Broker."
>
>I got a tremendous response from "Omega Listers", with a large
>percentage of people who said they used.... Advantage Trading Group!
>I mean a LOT!!
>
>I didn't go with them, because "they seemed too good to be true", if
>you know what I mean! You know... one of those famous sayings your
>mother used to tell you!
>
>
>Actually, my concern about this situation would be a hypothetical
>question regarding IB's in general for those who may know?:
>
>1) IF an IB were to "go belly up", what would happen to their
>clients' accounts? Both short & long term??
>
>2) Could those clients be harmed financially??
>
>
>Needless to say, I feel sorry for ALL those "clients", that may be or
>could be "burned" if something "terrible" were to happen to this or
>any other broker!
>
>
>
>PS. YES, I did FIND a broker that I am extremely happy with, so
>please NO BROKER RESPONSES TO THIS MESSAGE, Thanks!
>
>JMB
>TraderGuy@xxxxxxx
>
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