Recent content by Nick29

This is ironic given MFG UK is disputing Australian held cash: http://www.ft.com/cms/s/0/6b0bbe94-2d76-11e1-b985-00144feabdc0.html#axzz1hPVXCH76

Can someone explain to me why MFG UK is attempting to claim MFG Aus futures segregated cash. How is that possible?

http://news.yahoo.com/judge-oks-520-million-payout-mf-global-customers-173458243.html

MF Global Canada accounts unfrozen, sent to RBC RBC Dominion Securities to handle transfer to clients http://www.reuters.com/article/2011/11/14/mfglobal-canada-rbc-idUSN1E7AD1V120111114?feedType=RSS&feedName=marketsNews

CME Group offers to put up 300 million: http://dealbook.nytimes.com/2011/11/11/cme-group-offers-300-million-for-mf-global-customers/

The creditors meeting can be viewed online here http://www.brr.com.au/event/89337 at 10.30 today.

Your right, segregated accounts are not MF Global's money to begin with. However judging by this article http://news.smh.com.au/breaking-news...107-1n3pk.html, Deloitte need educating on this point.

I think there is a difference between CFD accounts and futures accounts. Futures accounts are segregated so it's not there money in the first place. Deloitte have control of that. From memory I think CFD accounts are not segregated although I'm not totally sure.

Also I don't see how a bankrupt US company has jurisdiction over an Australian company that's under the domain of the ASIC.

How can the prime broker request money from segregated Australian accounts?

Open positions "Dear Futures Client, MF Global Australia Limited (administrators appointed) We refer to your futures trading account with MF Global Australia Limited (administrators appointed) (MFGA). Since their appointment at 7:45am on 1 November 2011, the administrators of MFGA...

"The deal to sell the parent company, run by former Goldman Sachs high-flyer Jon Corzine, fell over when it was discovered that $US700 million in client funds might be missing. That’s still to be confirmed and there’s no evidence yet discovered of similar signs in the Australian arm...

Wouldn't be so sure yet, that's just what MF Global's lawyer is saying. The SEC and FBI are investigating. On a sidenote, I'm thinking they would not have taken money from MF Global Australia Limited segregated accounts, just USA one's?????

Notice to clients 1 November 2011 Background On 1 November 2011 at 7:45am, Christopher Robert Campbell, David John Frank Lombe and Vaughan Neil Strawbridge of Deloitte Touche Tohmatsu were appointed as administrators of the following companies (Companies): MF Global Australia...

Here's the email of my client adviser there who's responding to my emails: mtaluja@mfglobal.com.