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Hi folks,
I try to separate truth from rumor when I can, but am not always
successful. Maybe someone can give me some facts on this.
What I've 'heard' is that heads keep rolling at Waldock... Marty Doyle,
CEO and Legal counsel has been let go. Elliot Berkovitz, VP Strategic
Planning, the same.
Trades that were being cleared through Lind-Waldock are now being
cleared by REFCO, and L-W is no longer a clearing member.
Rumor also says that PMB (Professional Market Brokerage), who cleared
through Waldock, is up for sale. REFCO doesn't seem interested. The
parent company of PMB is trading under a buck (don't know their
name.....Lotus-something).
Barry Lind is about to be bought out completely, and will be out of the
picture.
Thus, you have no account at Lind-Waldock, it's Refco. What do you think
of the 'new' Lind-Waldock.
Interesting to note that Refco's aquisition of Waldock created many
changes, but these changes seem to have accelerated after Refco's later
and quiet acquisition of Main Street Trading, a firm with close ties to
Ken Roberts, and with insane commisions.
Anyone have the facts?
Thanks,
Monte
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