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guardian uk: large us broker suspended, accounts f

  1. 204 Posts.
    Link is a good cautionary read.

    http://www.guardian.co.uk/frontpage/story/0,16518,1592055,00.html

    Report of an alleged large international currency broker being suspended in the States with all clients funds frozen, following revelation of a substantive pre-existing fraud by it's execs, discovered only days after it was floated in New York for around $US 3.4 Billion.

    Many Hedge Funds are reputed to have the funds in their accounts frozen, thus are incapable of trading. One can imagine their pain ...




 
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