The reason why she responded so quickly was probably because I had just called her 10 minutes before you and she told me the same thing. Lets just hope nothing comes up before August 6th to stop this process.
FXLQ 29 replies
FOREX, Robert Gray, FXLQ, and Nfa/ctfc... PLEASE REPOST IN EVERY GROUP 0 replies
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CFG shut down by NFA 35 replies
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DislikedI did email Lillian about the emergency motion. I was surprised to hear back from her so soon in light of the earthquake out there. Looks like we are still on track. Here is her email........
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Thank you. We are all well. After hearing the bad news from all over the world, I have to admit that we do get scared.
The Receiver is required to respond to the Emergency Motion filed by Mr. Gray by this Friday. We do not think it will affect the account transfer to GFT. There is no court order ruling against the sale to GFT to date. We are still on schedule. All the files were transferred to GFT. On August 4th, the Receiver will formally notify the customers of the transfer. On August 6th, the Receiver is scheduled to transfer the funds to GFT. Shortly after the transfer date, the customer will be able to continue to trade to withdraw the funds with/from GFT.
Very truly yours,
Lillian Lee
Deputy to the ReceiverIgnored
DislikedMan, if we get through Monday and Wednesday, this nightmare will be behind all of us. It is unbelievable that this criminal Mr. Gray, deceiving NFA/CFTC regulations therefore U.S. laws, and de-frauding customers, is allow to file such a massive appeal. Should he be worried about the next phase, sentencing and paying fines in millions to CFTC? I guess more reasons for him to stall things as long as possible. Bastard.Ignored
DislikedI think that because the Liquidator has to file a response and the appellate court must take the time to review BOTH arguments and give an opinion as of matter of law then unless our luck is incredibly bad then we will have the funds with the other broker well before a opinion is issued to Mr Gray's response. I know the day the transfer happens I am getting my loot out of there via FEDEX check. Let's cross our fingers people. If we make it through this one then no more US companies for me....SWISS all the way!!Ignored
DislikedHi Lillian,
I wanted to make sure we made it through today. Now that it is Friday, do you still feel we will not be affected by Mr. Gray's Emergency Motion? Are we still on track for next weeks transfer of funds?
Thank you!
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We are filing our responses to the Emergency Motion today. The Ninth Circuit Court will need to time to review the responses. We are still notifying the customers next Monday and transferring the funds next Wednesday to GFT.Ignored
DislikedI just go my letter also and I called them immediately. Of course the recording came on saying they would call me back. I cannot wait until I get that call because I am getting my loot out of there.
Blue Pearl what options did they give you and how long until we can withdraw?Ignored
DislikedIt's hard to believe but I got an email today from GFT saying my money had been wired to my bank account. When I checked my statement online sure enough it was there.
This should not be a concern to those that have not received their money yet. It's just that I made sure two weeks ago that GFT had my wiring instructions and funds request form on file so I would be ready to go.
I am proof that this really is happening and we will all get 100% of our money back!! GFT is on top of things. I am sure most will have their money between now and Monday.
I have sent a thank you email to Lillian, thanking her and her firm for getting us out of this mess.
qq1...check with IKON Global Markets. That is the firm that took over the Asian accounts.
I don't know about you all but I will use my returned money very wisely. I have learned a lot about trading on a shoestring while I waited. I am stronger because of this experience and hopefully a little wiser.
I sincerely wish you all the best of luck!!
TripTrapIgnored
DislikedOh wow, you got your money already?
The told me on Wednesday, the firm will receive the wire from the receiver and they will be on contact with me then.
I guess I will check on the paper work today and get the money moving asap. I like GFT, but, I still want my money after waiting for so long.
GOod luck everyone.
Trip, are you an IB? What do you do?Ignored
DislikedI've used GFT for some months and am very happy with them. I find execution speeds etc. to be on par with other brokers. I also like Deal Book. I was with an MT4 broker before GFT and thought the transition would be difficult but now that I am use to it I like Deal Book a lot better. The charting is much better than MT4. As far as Intergrity I have never had any issue and they have been in business a long time so I think they must be doing something write! Good luck. It sounds like this whole FX LQ broker has been hard on traders.
clifIgnored