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Best info I can come up with at this time:
1) LFG's proprietary trading operation took some hits a week or two ago
and they fell below CME minimum capital requirements which are
apparently more stringent than CFTC's 4%.
2) LFG shut down much/most of proprietary trading and did some other
reorg plus as well as getting some fresh capital
Thanks for the heads up as I am on cusp of opening another large account
with LFG - I am monitoring and will advise if I learn anything more.
Earl
----- Original Message -----
From: "Don Thompson" <detomps@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 22, 2000 6:35 PM
Subject: [RT] LFG,L.L.C
> Rt's,
>
> Securities Week wrote a small article on March 20th that LFG was,
> "struggling to maintain and/or meet its capital compliance
requirements
> was very close to striking a deal with Refco"
>
> March 20, 2000 pg 7
>
> Anyone know more about this? LFG has the LEOWEB internet connection
to
> globex. I am thinking of using it,,,, but if they are haveing
> difficulty maintaining capitol requirements... I am not sure I am
> willing to turn over my money, if its at risk in this manner.
>
> Appeciate any comment or insight
>
> Don Thompson
>
>
>
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