Great, thanks for that.
Nothing like passing a law AFTER $3 Billion + in MF Global client funds were stolen from segregated accounts.
(Reuters) - The U.S. futures regulator approved on Monday a rule that puts tighter limits on how brokerage firms can use customer funds, a measure that the now-bankrupt MF Global had encouraged the agency to delay.
The measure was finalized by the Commodity Futures Trading Commission by a 5-0 vote. The rule was initially proposed by the CFTC in October 2010.
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My mind is at ease now.
The verdict is in. Jon Corzine is not guilty as this rule was not in effect at the time he was with MF Gobal.
Lets make Corzine co-chairman of the Federal Reserve
They are trying to restore some credibility after the horse got stolen and run to death by MFG. Ain't gonna work as the end of the fiat currency and warfare model is at hand.
where can we get rounds like this one. It's perfect.
Doc Where are these sold? stack the smack in the crack
I'm just shocked it was 5-0 and not 3-2
great! Gerald Clente will be not as angry as he was before...XDXDXD
"Rules" ... laugh. 'Rules' and the 'law' only exist to incarcerate pizza thief's and/or shoplifters.
XD this is why WE NEED BIG BROTHER!! XD
CFTC - Yeah right, leave it up to the rocket scientists to fix themselves...
Well he'll ... Thought fraud and theft was ALREADY violation of law!
Take a look at our silver prices.. No racketeering there, NO SIR.
I just finished Hayek's Road to Surfdom (for Dummies) When a country or government prosecutes the little guy yet turns a blind eye, or worse yet, enables the large scale criminals in their enterprises, the country has turned into a gulag of thieves.
I am confident this new rule will be regulated just as well as the old rules are, which is ineptly or not at all.
Isn't that automatically illegal to commingle funds?
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