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<p>[QUOTE=&quot;fatima, post: 1305988, member: 22143&quot;]From what I understand, MF Global&#039;s demise included criminal actions by the firm.&nbsp; They made very risky bets on the European mess, the bets went bad, and they then used their customer&#039;s money to cover the losses.&nbsp; This is against the law.&nbsp; They filed for bankruptcy once it became apparent they couldn&#039;t meet their commitments.&nbsp;&nbsp; A trustee has now taken control of the firm, laid off 100% of the employees, and the remaining accounts will be transferred to another firm.&nbsp; Where it stinks is the customers are locked out of their accounts so are subject to changes in the market, and if they do not meet margin requirements at the new firm, their account will be liquidated.&nbsp;&nbsp; It&#039;s hugely bad.&nbsp; </p><p><br /></p><p>Where were the regulators?&nbsp; </p><p><br /></p><p>Lucyray, you are 100% correct.&nbsp; It&#039;s nothing more than gambling and the common investors always have the odds set to &quot;you lose&quot;.&nbsp;&nbsp; The only safe paper investment anymore are insured accounts (like FDIC), and these days, I&#039;m not even sure about that.&nbsp;&nbsp; The biggest reason for buying physical and holding it, is that it insulates you from these criminals.[/QUOTE]</p><p><br /></p>

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