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Mf Global Uk Limited Nfa Id: 0209485

Discussion in 'Scam Alerts' started by DmitryAs, Jun 11, 2010.

  1. DmitryAs

    DmitryAs Recruit

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    I have a problem with my broker MF Global (MF GLOBAL UK LIMITED NFA ID: 0209485). They have impudently cancelled all my profitable transactions from 19.05.2010. The general profit of $25213!!! They motivated it as well as any other broker-swindler.... "The erroneous prices".
    :shocked:
    I many times wrote to them and demanded to return my money. However they only ignored me. I know that there is rule NFA (Notice I-09-10 NFA from April 13, 2009) which proves my correctness.
    I have kept all Prt Sc my transactions and correspondence with MF Global. All is displayed in system Strategy Runer.
    Thanks for your support. I also have addressed for the help to FPA and I wait from them the answer.
     
    #1 DmitryAs, Jun 11, 2010
    Last edited: Jun 12, 2010
  2. Pharaoh

    Pharaoh Colonel

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    I suggest calling the NFA immediately and bringing this to their attention.
     
  3. DmitryAs

    DmitryAs Recruit

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    FSA will help me?

    NFA has answered me that MF Global UK Limited is not member NFA (as it probably???)! :unhappy: They have sent my complaint in FSA. FSA will help me? They are capable to accept what measures? What do you think of it?
     
  4. Pharaoh

    Pharaoh Colonel

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    Contact the FSA and FOS and ask. They don't have the exact same rules as the NFA, so they'll have to see how their rules apply to the case.
     
  5. DavidWalsh

    DavidWalsh Private, 1st Class

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    For future references, always try to have at least 2 sets of prices from more than one broker. IGINDEX and CMCmarkets will provide that info at no cost. Although, trading with the latter has its own problems.

    Good luck with getting your money back, although before then why not try to compare the alleged erroneous prices with one of those 2 firms', even if it's going to be giving you a rough guide only it may be worth a try.
     
  6. DmitryAs

    DmitryAs Recruit

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    Really investors in UK are not protected as in other world (except the USA)?!

    FSA to me have answered that is very a pity to them that I have a problem with the British company, however they anything cannot help me, because in UK other organisation is engaged in it Financial Ombudsman Service.
    I have sent 2 messages by e-mail in Financial Ombudsman Service,
    However has not received the answer. Then I have attentively read an order of giving of complaints in this organisation, all have made by rules. I have filled the questionnaire where have very in detail described the problem with MF Global UK, have put all additional documents on this business and have sent the certified mail in....... There Have passed 3 weeks.... I do not receive the answer!
    What should I think? Really investors in UK are not protected as in other world (except the USA)?! Who can help me council... What to me to do?
    You have what thoughts in this occasion?

    P.S. NFA really protects investors in the USA. I 2 times in the career dealt with them and in both cases they have not left me unaided! The broker was frightened NFA and has paid me all money at once!!!
     

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