Keyword: brokerage

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  • No One Will Charged With a Crime for the MF Global Collapse

    08/16/2012 10:25:49 AM PDT · by Mad Dawgg · 75 replies
    Yahoo News ^ | 8/16/2012 | Dashiell Bennett
    Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.
  • US broker's funds frozen after founder's suicide attempt[Mini-MF Global?]

    07/09/2012 3:44:42 PM PDT · by Theoria · 3 replies
    Reuters ^ | 09 July 2012 | Reuters
    Small U.S. futures broker PFGBest said its accounts had been effectively frozen on Monday after a suicide attempt by the firm's founder set off an investigation into possible "accounting irregulaties." In a dramatic turn that seems likely to trigger a new round of anxiety over the stability of the brokerage industry less than a year after the collapse of much larger MF Global, the Cedar Falls, Iowa-based firm told customers that they would be limited to liquidating positions until further notice. The disclosure came hours after founder and owner Russell R. Wasendorf, Sr., was found in his car near the...
  • Weekly FR Boating Thread ~ Vol. 6 ~ Mar. 2, 2012 ~ Selling Your Price & Joy

    03/02/2012 1:50:57 PM PST · by ImProudToBeAnAmerican · 12 replies
    Weekly FR Boating Thread ~ Vol. 5 ~ Feb. 24, 2012 ~ Selling Your Price & Joy 41 posts last week – we’re approaching planning speed...I can guarantee you every boat will sell. We just don’t know when, and for how much... If you aren’t using your boat at least once a month (during boating season), sell it! (When you get the boating itch again, you can always buy another boat.) The best way to sell a boat is to pretend it isn't for sale - clean it, fix it, use it, and then be pleasantly surprised when it sells....
  • Martin Armstrong Audio Interview

    12/19/2011 9:37:45 PM PST · by Razzz42 · 2 replies
    King World News ^ | Monday, December 19, 2011 | King World interview of Martin Armstrong
    Very informative interview on MF Global and its fallout, who might ante up to cover client's losses, where to have an investment account to avoid such shenanigans, who Corzine lobbied to get an exemption from regulations, Courts and Judges involved, etc. so on and so forth.
  • Bernard Madoff arrested over alleged $50 billion fraud (Former Nasdaq chairman)

    12/11/2008 7:14:49 PM PST · by Sammy67 · 84 replies · 5,107+ views
    YahooNews ^ | 12/11/08
    NEW YORK (Reuters) Bernard Madoff, a long-time fixture and powerful adviser on Wall Street, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme, U.S. authorities said. The former chairman of the Nasdaq Stock Market who remains a member of Nasdaq OMX Group Inc's nominating committee, is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he founded in 1960. But the alleged fraud involved a hedge fund he ran from a separate floor of the building where his brokerage is based. Madoff told senior employees of his...
  • Worst Case Scenario

    07/18/2008 1:24:49 AM PDT · by TigerLikesRooster · 17 replies · 133+ views
    Cornerstone ^ | 07/17/08 | John Riley
    Worst Case ScenarioBy John RileyChief Strategist07/15/08 What a year - bank and brokerage failures, Federal bailouts, sub-prime mortgage mess and a looming derivative disaster. What would happen if things continue to unravel? What would that look like?Runs on the BanksWith the failure of IndyMac, weve already seen a run on a bank force its closure. What if a few more banks had runs? Depositor panic could cause runs at several banks that are on the edge of failure. A run could push them over. The FDIC is spending about 10% of its reserves on bailing out IndyMac. How many more...
  • Goldmans $105 Oil Prediction a Little Too Slick

    04/05/2005 3:32:20 PM PDT · by CHARLITE · 67 replies · 1,515+ views
    INTELLECTUAL CONSERVATIVE.COM ^ | APRIL 5, 2005 | NOEL SHEPPARD
    One day the public is going to wake up and realize that when analysts are telling them to buy things at all-time highs, it might be time to sell. The day after a government report showed that crude oil inventories have risen to their highest levels since July 2002, the esteemed Wall Street brokerage firm, Goldman Sachs, released an analysis forecasting a continued increase in energy prices that could result in oil hitting $105 per barrel. As reported by Reuters: "We believe oil markets may have entered the early stages of what we have referred to as a super spike...
  • Charles Schwab to sell NYSE seats

    12/23/2004 4:24:26 PM PST · by nickcarraway · 5 replies · 1,239+ views
    San Francisco Chronicle ^ | Thursday, December 23, 2004
    SAN FRANCISCO (Dow Jones/AP) -- Charles Schwab Corp. will sell its three New York Stock Exchange seats and no longer maintain a membership at the exchange after the sale is completed. The move follows the company's sale of its capital markets and trading business earlier this year and previously announced efforts to cut costs.