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I haven't heard anything about this (which certainly doesn't mean there
isn't something to it), but a few things don't add up. Wasn't LFG recently
bought by EDF Mann? Large currency trading losses? By whom? From whom or
where did this "understanding" come?
I strongly suggest checking out the facts before panicking out of accounts
(I have no affiliation with LFG/ Mann, actually I'm with a competing FCM)
and spreading incomplete and quite possibly false rumors.
Regards,
Tom Alexander
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> From: Walt Downs <knight@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: ALERT:LFG
> Date: Wednesday, October 14, 1998 11:53 PM
>
> Uh-oh.... I still have some money sitting in an LFG account.
> Time to close that sucker out... thanks for the "heads-up"!
>
> Regards,
> Walt
>
> M & TC wrote:
> >
> > 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.
>
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