Duck:
Well, I guess this topic is not important. The NFA should pay PFG clients (they have the money) for their inept regalatory ability to keep brokers from steeling trader's money. After all, every trade we make pays them. To do what, I don't now. A simple phone call to the bank to verify funds would of saved us millions. This trend is not going to stop, unless there is a public outcry. To transfer your account to Canada would not cover you. You need to be a Canadian citizen to be insured of fraud. The US goverment has this industry set up perfectly, so they are not liable for anything. On a day to day basis...if a floor broker makes a mistake...a fine or offset is quickly assessed. Why can't the NFA be fined or sued? I guess, just ask Corzine. I would like to see a class action lawsuit against the NFA for not fulfilling their fiduciary duty to the public.
L
