I luv IG'S stance on all this and it shows in the documents I posted the other day . They use a trust for the segregated accts and they don't use clients own funds to hedge . It is a freakin moronic practice and CMC still does this yet it was outlawed in UK and elsewhere .
So far it looks/sounds good that MF clients will get a major portion of their cash back . When sonray fell over it was apparent very early that a major deficit existed .
Larry Williams was correct as many futures brokers in the USA are saying yep u can transfer the open positions over but send us the margin as well . No margin = no acct and we don't want your business . The lame yanks should of worked this out years ago . Maybe they are no better than ASIC after all .
