If a broker goes bankrupcy
Results 1 to 4 of 4

Thread: If a broker goes bankrupcy

  1. #1
    , their clients lost their money ?

  2. #2
    I got my money from Refco with roughly two weeks to spare.

    The lesson I learned from this is do NOT keep a lot of money on deposit with any broker.

    Foreign brokers may be guaranteed, but US brokers aren't.

    The bankruptcy courts also have ruled that client's accounts are a part of their brokers assets. They go down when the broker goes down.

  3. #3
    Just keep your fingers crossed and hope that another brokerage company buys the former brokers client list as they have attempted to do in the past.

  4. #4
    So far that seems to be the situation w/ refcofx

    I am aware of a few penny about the premiums but everyone I know has been shit out of luck.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.