biggd's sneak peak commercial weekend zoomba, page-146

Hey guys - I got caught out by MF Global and with a futures account they might get taken over this week. But as traders we should all be concerned because our regulatory system means that no client money is safe ... here is an article from Reuters (even the yanks have a better system that ours)

SYDNEY, Nov 3 (Thomson Reuters Accelus) - The failure of MF Global has highlighted loopholes in the Australian regulatory system which allowed the firm to use client money to hedge its own positions with full consent from the Australian Securities and Investments Commission (ASIC).

http://www.reuters.com/article/2011/11/03/mfglobal-australia-regulation-idUSL4E7M30Q620111103