NexusFi: Find Your Edge


Home Menu

 





MF Global situation


Discussion in Brokers

Updated
      Top Posters
    1. looks_one Delta_Panther with 15 posts (8 thanks)
    2. looks_two Big Mike with 12 posts (3 thanks)
    3. looks_3 aquarian1 with 12 posts (2 thanks)
    4. looks_4 JustinIsHere with 7 posts (9 thanks)
      Best Posters
    1. looks_one Deucalion with 4 thanks per post
    2. looks_two JustinIsHere with 1.3 thanks per post
    3. looks_3 Zondor with 1.2 thanks per post
    4. looks_4 Delta_Panther with 0.5 thanks per post
    1. trending_up 33,913 views
    2. thumb_up 64 thanks given
    3. group 17 followers
    1. forum 100 posts
    2. attach_file 3 attachments




 
Search this Thread

MF Global situation

  #71 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593

Though only loosely related to MF Global - I'm trying to erase that ugly situation from my mind just as they have erased my money -- Stratfor (an internet "security" company - LOL) was apparently holding customer credit card numbers and personal data totally unencryted on an Internet server!

Ok so you're saying - no one could be that careless with customers identities - esp not a security company.

From FT.com
"
Thousands of companies have been put on alert for cybercrime after hackers stole personal data and credit card details held by a US security company, and threatened to make public the client list of at least one other organisation this week.
British companies including [COLOR=#0066cc]BT[/COLOR], [COLOR=#0066cc]BAE Systems[/COLOR], [COLOR=#0066cc]Barclays[/COLOR] and HSBC were among the organisations whose details were leaked to the internet, alongside organisations such as [COLOR=#0066cc]Apple[/COLOR], [COLOR=#0066cc]Microsoft[/COLOR], [COLOR=#0066cc]Coca-Cola[/COLOR] and [COLOR=#0066cc]Google[/COLOR]. "

Staffor has closed its website after the CEO credit card number was published on the hacked site according to
Office of Inadequate Security

"I was stunned to read that [COLOR=#0066cc]credit card numbers were stored in clear text on Stratfor’s servers[/COLOR]. "
and
"So they pledged to “maintain safeguards to protect the security of these servers and your personally identifiable information.” In this day and age when there have already been so many hacks and hackers have made their intentions clear, I think some might reasonably be shocked or consider it negligent that Stratfor not only stored so much data but failed to encrypt it. Is this how companies demonstrate that they are “committed to maintaining the privacy of personal information?” If so, I am not impressed."
Stratfor’s privacy policy | Office of Inadequate Security


--
I think a very real threat to your money and it being stolen from is from organization that can't even bother to encrypt your info.

Hopefully the FBI will put these exec in jail and take the homes and money for "criminal neglect" - LOL

(IMHO Putting your credit card info on the net opens you to joing the thousands whose lives have been destroyed by identity theft.)


..........
peace, love and joy to you
.........
Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Exit Strategy
NinjaTrader
ZombieSqueeze
Platforms and Indicators
MC PL editor upgrade
MultiCharts
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
29 thanks
Just another trading journal: PA, Wyckoff & Trends
25 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
23 thanks
GFIs1 1 DAX trade per day journal
17 thanks
  #72 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


aquarian1 View Post

(IMHO Putting your credit card info on the net opens you to joing the thousands whose lives have been destroyed by identity theft.)

I am hoping a few steal my identity and trade better than I do! haha.... Maybe grow the account a little...

Visit my NexusFi Trade Journal Reply With Quote
  #73 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,124 since Jul 2011
Thanks Given: 2,396
Thanks Received: 1,748


CNBC's American Greed had an episode , maybe about the same big cc number heist mentioned.

News Headlines

Visit my NexusFi Trade Journal Reply With Quote
  #74 (permalink)
 Delta_Panther 
Switzerland
 
Posts: 112 since Aug 2009

Corzine bombarded with lawsuits over MF Global - Jan. 12, 2012

MF Global trustee has no plans to transfer more cash

Reply With Quote
  #75 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593

I need to file a claim form with the trustee to get my cash back.

Is anyone else also filing?

I had one open position and it and some of the funds were rolled over to a new futures trading firm.
I find the form very confusing and the questions hard to decode.
Looking for a little help who is better at understanding it than I am.

Thanks

..........
peace, love and joy to you
.........
Visit my NexusFi Trade Journal Reply With Quote
  #76 (permalink)
 
puma's Avatar
 puma 
zurich
 
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
Posts: 964 since Aug 2010
Thanks Given: 7,273
Thanks Received: 1,507


aquarian1 View Post
I need to file a claim form with the trustee to get my cash back.

Is anyone else also filing?

I had one open position and it and some of the funds were rolled over to a new futures trading firm.
I find the form very confusing and the questions hard to decode.
Looking for a little help who is better at understanding it than I am.

Thanks

Hi aquarian1,

do you know about this group :

commoditycustomercoalition.org

They seem to be quite active and vocal and work for Ex mfglobal customers.
(I do not have any experience with them or MF global myself )

Follow me on Twitter Reply With Quote
Thanked by:
  #77 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593

a helpful guide to filing out the claim form for MF Global
https://commoditycustomercoalition.org/wp-content/uploads/2011/12/Claims_Form_Guide1.pdf

..........
peace, love and joy to you
.........
Visit my NexusFi Trade Journal Reply With Quote
  #78 (permalink)
loonietrader
Calgary, Alberta
 
Posts: 29 since Jan 2012
Thanks Given: 7
Thanks Received: 14

Has anyone heard what will happen to one of the trading platforms hat MF Global bought just before their issues, Strategy Runner (also known as GST)?

Reply With Quote
  #79 (permalink)
 Delta_Panther 
Switzerland
 
Posts: 112 since Aug 2009


aquarian1 View Post
a helpful guide to filing out the claim form for MF Global
https://commoditycustomercoalition.org/wp-content/uploads/2011/12/Claims_Form_Guide1.pdf

That is just : Soliciting your business and nothing else.

Reply With Quote
  #80 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593


I'm not sure what you're on about swizz. Really! You offer nothing to help out others?
I guess you didn't have to fill out the form yourself. N'est pas?

I found it really helpful and some of the questions I had answered I had got wrong until I read it.

They are not a brokerage firm so they can't solicit business.


The bankruptcy trustee's form is totally gibblegook. I got an aid from Daniels trading - just as much of double-speak as the form IMOH. And my broker was absolutley no help at all.

Today I got it filled out and in the mail. A huge weight of stress off my shoulders.

(I hope someone xxx the thieves- sigh. The crooks never go to jail - only in th USA you say?

A sad a sorry chapter behind us - I hope. Forget putting money in th USA - no laws - no regs -
"segregated account" - is just a marketing term for "your money has flown to the Caymans!"

..........
peace, love and joy to you
.........
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on July 1, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts