In Re: MF Global, Inc. Case No. 11-02790 (MG) (SIPA)
Re: The reputation of the United States
Dear Judge Glenn:
Our firm is a registered introducing broker with the CFTC. I have written to you previously on behalf of our customers. Here is a comment this morning from one of our former customers in Europe: “I will never do business in the United States of America again.”
The system to protect futures accounts is broken. And the whole world knows it. What started as a failure of one FCM that quickly gave a black eye to the CFTC and especially the CME has now made our United States of America a very bad joke to commodity futures traders all over the world.
The problem this morning is not just excess margin equity. The problem this morning is the reputation of the United States of America.
Thank you very much for your time and for listening.
Very Truly Yours,
HL Camp, Proprietor, HL Camp Futures
|PLEASE NOTE THAT RJO ANTICIPATES BEING ABLE TO RELEASE FUNDS AND ACCEPT TRANSFER REQUESTS BEGINNING MONDAY 11/14 FOR ACCOUNTS WITH CME, ICE.US, MGEX AND KCBT. ACCOUNTS WITH NYSE/LIFFE OR CFE POSITIONS WILL BE TRANSFERABLE ON TUESDAY 11/15 DUE TO A FINAL CASH ALLOCATION THAT WILL OCCUR MONDAY EVENING.|