mf global, page-15

  1. 9,485 Posts.
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    Leonidas1 the paragraph copied here from above spells out what can happen . The line some or all of your remaining 6k may of been used [ should say abused ] ;


    From above ; For example, even though you may deposit $10,000 with MFGA and yourself incur Margin obligations to MFGA of $4,000, some or all of the remaining $6,000 may have been used by MFGA to meet obligations it incurs in respect of its derivatives hedging activity. For a further discussion in relation to MFGA’s hedging activities and the use of client funds see sections 7.3 and 7.4 of this PDS.

    Please note I've asked in asx general thread to try and find Chris Murphy [can't remember his hc nick ]for his view on this . He is or was a lawyer and a regular poster on hc and was caught out big time with the opus crap thing .
    Once again ANZ [through Etrade] is now gunna be the foul meat in this sick game .
 
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