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Old 07-06-2007, 08:55 AM
PipHunterE PipHunterE is offline
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Join Date: May 2007
Posts: 22
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Well this is very concerning, but I see at least one and possibly two omissions in the firms you’ve listed, regarding your assessment. Before I say what that is, I'd like to know how you've arrived at the notion that these firms will be shut down if they don't make the proposed capital requirement. Certainly there would be some kind of date that would be published in order for them to "true-up". This seems very "x-files" to me. Further, even if such a requirement was issued by the NFA, and the CFTC "signs off" would they even have the authority to "shut down" a U.S business without supporting laws and due process? That seems very unlikely. Please fill me in on how you see the actual closing of the many firms listed (which currently have excess capital, but less than 5m) taking place.

Also I do need to ask, do you work for any of the firms you've listed as likely to survive? I know when FXCM was trying to trash a broker I told them I was considering, they were all about their net assets. This sounds like a very similar argument. If not, my apologies in advance, but this seem a little fishy.
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