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Rosenblatt Securities Inc.
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"I've had enough of reading things by neurotic, psychotic, pig-headed politicians. All I want is the truth, Just gimme some truth."
—John Lennon, 1971 (“Gimme Some Truth,” from the album “Imagine”)
NYPC’s Lukken: MF Global Shows Challenges For Futures Brokerage Model
—Dow Jones Newswires
The pressures that built on MF Global Holdings Ltd. ahead of its collapse in late October highlight the difficulties facing firms that handle futures trades, according to Walter Lukken, head of New York Portfolio Clearing. The added cost of complying with new regulations under the Dodd-Frank financial law and potential for tighter restrictions on investments of customer money add to an already tough climate for futures-clearing firms to turn a profit, Lukken said…
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