SpongeBob coins among Peregrine assets seized by FBI

And maybe every time my stops are hit I should still get the profit I wanted. After all, I didn't plan to lose money.

Sure optional insurance would be great. You pay for it and you're protected. But all traders shouldn't have to pay. And 10 cents does sound better than 50 cents, but I'm still not buying. The only real winner in this scenario is the insurance underwriters.

Sponge Bob Square Pants!! FFS who comes up with this sh!t? Who would buy this sh!t?? Just when you thought you have seen it all.

If you can't trust your broker then who can you trust? I'm one of the traders who had money entrusted to PFG. I'm guessing that, when they finally get around to the traders, I might see 10 cents on the dollar if I'm lucky.
The regulators really dropped the ball on this one.

so they were paid with traders 'supposed to be segregated' funds. So what now, will traders get their funds back and where will the money come from? the cftc and nfa failed for the 2nd time. Maybe their should be a 'fee' or 'tax' on each transaction to set up a fund that will pay back traders who lost money in mfglobal and pfgbest that lost money to these criminals!

yes that was not 'supposed' to happen i did not lose money some years back when refco went bust. and i was lucky I did not lose anything with mfglobal -- my broker just cleared through mfglobal. So I am surprised cme and exhanges do not step in and make those that lost money due to criminal acts. and if they have to add .50 per round turn to set up or recover those funds that it fine.

you losing money when your stops are hit is your problem that is part of trading

And getting ripped off is "their" problem, not mine. That is part of life. Why should 100% of traders have to pay insurance because a fraction or a percent may possibly get screwed?

getting ripped off is should not be part of trading

their should be insurance to protect against this. and I see it coming. it is in the best interest of cme and cbot to see to it that futures traders are not ripped off

10 cents a round turn would not hurt any trader. I lease a seat and pay small commissions and the fee would not hurt me I have emails saying they will do something because if trust is loss they stand to lose business

do not worry if you do not trade on exchanges it would not effect you
have no i idea what u r talking about their would be no insurance underwrites. the 10 cents per contact per round turn would be held in escrow account. so with the cme trade volume of well over 3 million contracts per DAY that is 300,000 per day.

NO

in the us there is insurance on your bank account that is paid by the banks but who do you think really pays for that insurance? that is why you are charged fees by your bank to recoup these fees banks have to pay.

To those against insurance: pretty selfish when it is not happening to you. I was with PFG as well, and unfortunately, MF Global before that. What if you were me?

Time for a class action against NFA?

but then that .50 per turn would have to kept in a segregated account free for the taking of the next criminal. perhaps it would be better to have brokers/bankers/hedge fund managers take a 1 day course in ethics once per month to be remiinded that stealing is bad!!!

note:
you do not have to buy it exchanges will just add to trading fee per round turn