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Response to Tansy_Gold (Original post)

Tue Jan 17, 2012, 09:16 AM

50. Second MF Global Unveiled As Canadian Regulator Accuses Barret Capital Of Commingling Client Funds


1/17/12 Second MF Global Unveiled As Canadian Regulator Accuses Barret Capital Of Commingling Client Funds

"One of Canada's investment regulators has accused Barret Capital Management, a firm specialized in futures and options on metals and other exchange-traded commodities, of using client money for its own purposes. The Investment Industry Regulatory Organization of Canada warned Monday that Barret clients are at risk due to the firm's "ongoing misappropriation of their money to fund losing trades and ongoing misinformation about the value and holdings in their accounts."

more...
http://www.zerohedge.com/news/second-mf-global-unveiled-canadian-regulator-accuses-barret-capital-commingling-client-funds

From Karl Denninger...


1/17/12 There Is NEVER Only One....

Remember, these are allegations at the present time, and as the article notes, they have not been proven.

Also remember that MF Global was just fine right up until it blew up.

As I said when the MF Global story broke, if there are no more MF Globals, trust in the system may survive. If, however, there are additional MF Globals......

http://market-ticker.org/akcs-www?post=200651


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