Forex.com (GAIN) acquiring RefxoFX accounts

http://news.moneycentral.msn.com/pro...705&ID=5845408

The question is: Will GAIN Capital follow in REFCOFX's footsteps?

hehe, looks like you can get your money back after only 2 years!

Quote from article.
In a motion filed with the Bankruptcy Court on June 30, 2006, Refco Inc. (OTC Bulletin Board: RFXCQ) said it has proposed to enter an agreement with privately held GAIN Capital Group (GAIN), under which GAIN would acquire the Refco FXA (RFXA) retail customer account information and related assets. The proposed agreement provides RFXA customers with the potential to recover up to 100 percent of their RFXA account balances. The proposed agreement is reflected in a non-binding term sheet that is subject to documentation and Bankruptcy Court approval, among other conditions.

"potential to recover up to" What does that mean?

Withdraw 25% every 6 months as long as you meet their criteria.
In other words.
Trade it for 2 more years and if we don't wipe you out, you can have what's left....

Was there any way to see the problem with Refco coming? Or did this just surprise everyone.

Scary. I guess it pays to have more than one broker.

Squid