Nazzysmith, It seems you and I are in a similar situation regarding this matter.Have recieved an email from the administrators basically saying what we already know. 1 Clients accounts although segregated were pooled and used to make up losing positions 2 ficticious accounts were used for this purpose with attempted cover-ups as well 3 Saxo bank is a major secured creditor but has agreed not to sell up at this stage I am a very small investor/trader with extremely limited knowledge regarding this situation. I have basically written off my entire trading account but if anyone can advise on any tips regarding recovery, it would be greatly appreciated, thanks Dave.