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I spoke to me contact at Linnco (LFG in the UK) and they are still trading
and unaware of any problem.
regards
Philip
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> From: Robert W Cummings <robertwc@xxxxxxxxxxxxxxxxxx>
> To: knight@xxxxxxxxxxxx
> Cc: omega-list@xxxxxxxxxx
> Subject: Re: LFG ALERT
> Date: 15 October 1998 06:49
>
> I'm an IB with LFG and nobody I've spoken to has confirmed this grapevine
> story as being true.
> Its late so the people I normally talk to are gone but I spoke with our
> globex folks and they said this was news to them. Earlier Jim asked about
a
> clearing firm that had a 69 million dollar margin call this morning. I
> called our margin dept and they said it wasn't LFG and didn't know
anything
> about who it might be. If I find out any different I will let you know.
But
> for right now business as usual at LFG nite trading and if they were
below
> required reserves I don't think they would or could be trading tonight.
>
> Robert
>
>
>
> Walt Downs wrote:
> >I am passing this along the grapeviane as a "heads-up" to those to
> >whom it may apply:
> >"
> >To all who have an accound with LFG...suggest that you check with your
> >broker...it is my understanding...as of the end of the trading
> >today...LFG due to large currency trading lossess..dropped below they
> >required reserves."
> >
> >Walt Downs
> >CIS Trading
> >
> >
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