From Ron George, we get this update on disclosures and the net result of Systemic Regulatory Failure:
YOU SHOULD CAREFULLY CONSIDER WHETHER YOUR FINANCIAL CONDITION PERMITS YOU TO PARTICIPATE IN THE UNITED STATES MARKETS THROUGH A REGULATED FUTURES COMMISSION MERCHANT. IN SO DOING, YOU SHOULD BE AWARE THAT A FUTURES COMMISSION MERCHANT (FCM), REGULATED BY EITHER THE NATIONAL FUTURES ASSOCIATION (NFA), THE COMMODITIES FUTURES TRADING COMMISSION (CFTC) OR THROUGH A SELF-REGULATED ORGANIZATION (SRO) SUCH AS THE CME, ALLOWS FOR THE CRIMINAL THEFT OF YOUR MONEY WITH NO RECOURSE. RESTRICTIONS ON REDEMPTIONS OF YOUR FUNDS FROM A FCM MAY AFFECT YOUR ABILITY TO WITHDRAW YOUR FUNDS, MANAGE ANY OPEN POSITIONS, INITIATE HEDGE OR SPECULATIVE POSITIONS RESPONSIVE TO CHANGING ECONOMIC CONDITIONS RESULTING IN ANY LOSS OF OPPORTUNITY, OR THE REDUCTION OF ECONOMIC EXPOSURE, IS COMPLETELY RANDOM AND AT YOUR INDEPENDENT RISK.
FURTHER, CUSTOMER SEGREGATED FUNDS ARE INDEED NOT SEGREGATED DESPITE ANY OF THE MYRIAD OF RULES THAT STATE TO THE CONTRARY. PARTICIPANTS SEEKING TO RECOVER THEIR FUNDS HELD IN CUSTOMER SEGREGATED ACCOUNTS OF A U.S. FCM MAY BE SUBJECT TO SUBSTANTIAL FEES FOR BANKRUPTCY TRUSTEE’S, ATTORNEY COSTS AND OTHER CREDITORS SEEKING TO SUPERCEDE YOUR POSITION IN THE RETURN OF YOUR FUNDS DUE TO THE DISSOLUTION OF THE FCM AND THE RESULTING DISTRIBUTION OF REMAINING ASSETS, IF ANY. FCM’S ARE PERMITTED TO UTILIZE UNRESTRICTED LEVERAGE OF YOUR FUNDS TO MAKE SUBSTANTIAL PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS EVEN THOUGH YOU ARE NOT ENTITLED TO PARTICIPATE ON ANY GAINS THEY MAY HAVE BY CONVERTING YOUR FUNDS. THE FCM IS ALSO NOT REQUIRED TO INFORM YOU IN ANY MANNER THAT THEY ARE STEALING YOUR FUNDS, FOR WHAT PURPOSE THEY ARE CONVERTING THESE FUNDS AND HOW MUCH LEVERAGE THEY ARE EMPLOYING WITH THE USE OF YOUR FUNDS. HOWEVER, IT IS WITH SPECIFIC PERMISSION FROM ALL UNITED STATES REGULATORS (CFTC, SEC, NFA, FINRA) THAT FUTURES EXCHANGES (CME, ETC.) AND FCM’S ALIKE CAN EMPHASIZE THE SAFETY OF YOUR FUNDS HELD IN SEGREGATED ACCOUNTS SOLELY FOR THE PURPOSE TO INDUCE YOU TO PARTICIPATE IN ANY CRIMES THEY COLLECTIVELY MAY PERMIT REGARDING THE OUTRIGHT CONVERSION, OR THEFT, OF YOUR MONEY REGARDLESS OF ANY ILLUSION YOU MAY HAVE TO THE CONTRARY.
THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER CRIMINAL FACTORS NECESSARY TO EVALUATE YOUR PARTICIPATION IN THE UNITED STATES REGULATED FCM’S. THEREFORE, BEFORE YOU DECIDE TO PARTICIPATE THROUGH A UNITED STATES FCM AS THE CUSTODIAN OF YOUR MONIES, YOU SHOULD CAREFULLY CONSIDER UTILIZING A CUSTODIAN WITHIN A COUNTRY THAT DOES NOT REGULARLY, AND ARBITRARILY, ABROGATE THE RULES OF LAW SUCH AS THE UNITED STATES.
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