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Originally Posted by joshdance
ForexSavior has been posting about this on forexfactory.com too. Same posts. For a BALANCED view of all this, go there and check out what others have to say, instead of a spread of panic which seems to be what is happening here. Yes it's important to know, but all the information should be on the table before decisions are made, and it seems a bit tasteless to 'call out' "good" and "bad" brokers.
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I realize that some people are upset that I pointed this out. Better to keep all this secret right so that people don't know what is going on in the industry? For those traders who are concerned about whether or not their firm is financially risky ask yourself this question. In August of 2005 when everything at Refco was fine if you knew the firm was going out of business shortly thereafter and you had an account with them would you have kept your money there anyway and taken a "wait and see attitude?" Of course not. You'd have grabbed your money and ran. That's just plain common sense.