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It was not my intention to panic any one...just that people with accounts should be in the know and make what ever decisions they think they should. I'm just wondering if LFG bothered to inform clients of this occurance?
If this post caused any kind of upset or panic...again this was not my intention... I can only applogize deeply...for me, too many times, incidences occure which might or might not effect us in some way, but we are not informed and given the opportunity to make informed choices...basically we
are treated like mushrooms....kepted in the dark and feed BS or nothing.
Mark Seflin
John Cappello wrote:
> I have checked this out and agree with Tom's post.The understanding I have is losses were experienced by a number of firms on Globex 2,LFG included.To the best of my knowledge that is the extent of the situation and operations are not in jeopardy or regulatory agencies would be stepping in.
>
> If I stand to be corrected I would appreciate FACTS.
>
> Regards,
>
> John
>
> ------------------ Reply Separator --------------------
> Originally From: "Tom Alexander" <gta3@xxxxxxxxxxxxx>
> Subject: Re: ALERT:LFG
> Date: 10/15/1998 09:00am
>
> 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
>
> ----------
> > 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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