E*Trade are wholly owned by ANZ. Only about 1% of the business was to do with CFD's but they will not honour their position. No responsibility though. I dealt with Etrade not MF global. It was ANZs own decision to subcontract MF global. It looks to me like ANZ have a no responsibility and all profit attitude to their customers. I have two accounts with E trade whom I no longer trust, the bank backing having been shown to be worth nothing. If I want to trade CFDs in future, or anything else, it will not be with the ANZ, or any of their affiliates. The bank connection here is shown to be worth nothing. It may be wiser to stick to ASX listed CFD's only and with Comsec only. Westpac are not looking too shiny either though I do not have a CFD account with them. They also used MF Global for CFD's. Expect more collapses, not only of companies but especially derivative providers and the sharks including banks, that run a major proportion of them disappearing with investors money.
