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-----Original Message-----
From: DStan34930@xxxxxxx <DStan34930@xxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Thursday, October 15, 1998 9:02 AM
Subject: LFG heads up!
>6 mil in bonds and who knows how much in Yen.
>
> Sounds like LFG is not screening it's big money clients very well.
>
> Any legal minds care to expound on the events that take place when a
>clearing firm defaults and the recourse clients have? How clients can
>monitor the liquidity of their clearing firm? etc.
>
>dbs
>
>My understanding is that the loss occurred in proprietary trading
(non-customer) and that any net capital requirements have been satisfied.
Regards, Jack.
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