February 15th, 2012
“I am fully diversified and ready to profit from the next macro event.” “Interesting,” I think to myself as I listen to the astutely dressed gentleman basically quoting a TD Ameritrade commercial. He is addressing a small audience that has gathered at a friend’s dinner party. As a financial professional, my ears tend to perk [...]
February 1st, 2012
Today we received notice that the Trustee handling the liquidation of failed FCM, MF Global, will be compiling with 1099 reporting requirements. This has been a sticking point and finally we have some clarity. Below is the official statement from the Trustee’s office: The Trustee will comply with all required Form 1099 reporting. On January [...]
January 5th, 2012
Written By: Sean McGillivray I have finished the short “how to” video on completing the MF Global Commodity Customer Claims Form. This is obviously a rough video, as my talents (though limited) are better confined to asset allocation and commodities trading. You can view the video by using the following link: Download Video When preparing [...]
January 4th, 2012
Written By: Sean McGillivray I am sorry to report that I am a little delayed in getting the how-to video uploaded to the website tonight. My skills are somewhat limited when it comes to building a video presentation for online distribution. Tomorrow I will continue to “hack” away at it. I have meetings scheduled all [...]
January 3rd, 2012
Written By: Sean McGillivray 2011 was a very tough year on all of us. Even without the disaster of MF Global, markets were erratic and irrational. Passive and active investments suffered from volatility. Nothing provided a safe haven, as zero interest rate policy flooded the global markets with liquidity in the face of rapidly deteriorating [...]
December 23rd, 2011
Written By: Sean McGillivray I wanted to wish everyone a Merry Christmas Eve “Eve” and a Happy Holiday Season! While for the majority of our clients the last two months has been difficult, it is always delightful to spend time with friends and family. I am working diligently on a claims form template for all [...]
December 19th, 2011
Written By: Sean McGillivray This afternoon’s Commodity Customer Coalition (#CCC) conference call gave members a short update on the ongoing legal battle, details on the claims process and unveiled a twitter based media strategy. Due to privilege please call me for specific details on our legal strategy moving forward. I believe the #CCC has a [...]
December 19th, 2011
Written by: Josh Saunders We are writing to give all former MF Global clients some optimistic news. The distribution that brought all clients account values up to the 72% was completed last night. If you did not receive any communication from RJ O’Brien via email stating that you received a distribution, please let our office [...]
December 14th, 2011
Written By: Sean McGillivray Yesterday I sat in on the latest CCC conference call that revolved mainly around the claims process. As you all are aware by now, you must ALL file a claim with the Trustee. Bankruptcy law requires a individual customer claims process be establish.The Trustee has stated there will be an electronic, [...]
December 9th, 2011
MF Global bankruptcy Judge, Martin Glenn, approved a motion to “true-up” all MF Global accounts to the tune of 72% of their total equity. An example is if you had $100,000 in your MF Global account on October 31st, 2011 your new account at RJ O’Brien will now have roughly $72,000. The Trustee’s statement on [...]
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