MBF Clearing Corp

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Please contact Gary Rizzi at (212)-845-5145 and Rob Falk at (212)-845-5086

The Logical Trader:
Applying A Method To The Madness
Simple Logic:
NO trader can be consistently profitable by relying on gut instinct or a "knack" to predict the next market move. (click here for more)

Mark Fisher's Live Webinar on MrTopstep.com
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Logical Trader Symposium
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Welcome
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About MBF Clearing Corp
Founded in 1987, MBF Clearing Corp. is widely-recognized for our preeminent role within the global futures markets. Our status in 2012 has changed from Clearing Futures Commission Merchant (FCM) to Introducing Broker (IB) with a clearing relationship with FC Stone. (click here for more)

The Fisher-Gartman Risk Index consists of a mix of long and short positions in various asset classes whose overall value is expected to rise when the outlook on markets and the broader economy is positive and to decrease when such outlook is negative. The index is comprised of long positions in “risk on” instruments and short positions in “risk off” instruments in the following sectors: energy, agriculture, metals, equities, currencies and domestic and foreign government bonds.To learn more about this index please visit www.mbfih.com.

There currently are two exchange-traded securities that provide exposure to The Fisher-Gartman Risk Index: (1) Fisher-Gartman Risk On ETN (Bloomberg Ticker: “ONN”) and (2) Fisher-Gartman Risk Off ETN (Bloomberg Ticker: “OFF”). To learn more about these ETNs, please click on ONN and OFF or go to www.etracs.com.

corporate news

PRESS RELEASE

December 3rd, 2012: MBF Clearing Corp. announced today that it reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC) to resolve the CFTC's complaint alleging that MBF violated certain recordkeeping, reporting, and supervision requirements with respect, in primary part, to a customer-segregated account that contained assets belonging to MBF's customers from September 2008 to March 2010. No customer funds in this account were ever lost and the CFTC never claimed that the alleged violations were intentional. By entering into this settlement, MBF does not admit to the CFTC's allegations. To resolve the matter, MBF will pay $650,000 to the CFTC.

March 13th, 2012: During the financial crisis, MBF Clearing Corp. invested customer segregated money in a U.S. government money market fund in the strongest bank in the world, JP Morgan. Today the CFTC filed a complaint alleging that the JP Morgan account did not meet the CFTC's requirements for a customer segregated account. The complaint admits, however, that MBF Clearing Corp. was informed by JP Morgan on the actual account statements that JP Morgan sent to MBF Clearing Corp., that the account was, in fact, a “Commodity Customer Segregated Bank Account.” What the Complaint fails to say is that MBF Clearing Corp. had placed its customer funds into the JP Morgan government money market account two days after Lehman Brothers filed for bankruptcy, for the sole purpose of protecting its customers' funds by depositing them in the safest bank in the world and in the most secure investments, namely U.S. government securities. As soon as MBF Clearing Corp. was notified by the CFTC that the JP Morgan account might not qualify for segregation, MBF Clearing Corp. moved all of the customer funds out of this account and reported what had occurred to its designated self-regulatory agency, the CME Group, Inc. Not a nickel of customer money was lost.

We are disappointed that the CFTC has chosen to address this matter through an enforcement proceeding, particularly since MBF Clearing Corp. and its customers were, like many others, victims of the failure of MF Global to the tune of millions of dollars. Consistent with its approach of protecting its customers, however, MBF Clearing Corp. took the MF Global losses onto itself and made all of its customers whole.