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Old 07-10-2007, 12:20 AM
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I think those got to do more with fraud, not minimum capital requirement, not the size of firm. Records are expected to be accurate, not using some kind of creative accounting to lie the financial situation. The best example is Refco which went bankrupt with $4,000,000,000 capital. Number says nothing, because they hid the same amount of debt under our noses.

Serious complaints were given to big brokers too. Search and you'll see them.
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