This thread is about the REAL danger of doing business as a foreigner or foreign introducing broker (FIB, yeah I know your internal abreviations) with US retail brokers or investment banks (same sh.t) and being under the legal umbrella of the NFA. WARNING. READING THIS CONTENT MIGHT ENDANGER YOUR FINANCIAL HEALTH AND OF YOUR CLIENTS ASSETS DOING BUSINESS WITH US FUTURES COMMISSION MERCHANTS (OR IN STREET PARLANCE: "FUTURES BROKERS) THE PFG BEST AND MF GLOBAL CRIMES If you are a foreign customer of a US futures broker, you have most probably stumbled upon the criminal cases of PFG Best and MF Global. Besides the criminal aspect (in PFG case former CEO Russell Wasendorff Senior stole client monies from a segregated account of the deposit banks. In the MF Global case former governor of NewJersey and EX CEO of MF Global, John Corzine, used customer funds to speculate in European government bonds) there is also an INTEGRAL SYSTEMATIC PROBLEM WITH US FUTURES COMMISSION MERCHANTS which needs to be addressed FINALLY: