Forex pfgbest. Broker name, PFG Forex. Company name, Peregrine Financial Group, Inc. Online since, Site url, Country, USA. Minimum account size, Minimum account size currency, USD. Minimum position size, Maximum leverage, Maximum leverage description,

Forex pfgbest


Forex pfgbest. We are contacting you as fellow Peregrine Financial Group, Inc. (PFG) Forex and Metals account holders. We would like to share information with you that directly impacts all Forex and Metals accounts during the current PFG bankruptcy proceedings. The following information pertains to the perilous status.

Forex pfgbest

On Tuesday evening, Peregrine filed to liquidate under Chapter 7 of the U. The Chapter 7 filing suggests the company is winding down. Wasendorf intercepted confidential regulatory documents that were mailed by the National Futures Association to what the industry group believed was U.

Wasendorf forged signatures and fabricated bank balances on the documents and simply mailed them back to the Chicago-based NFA, the person said. The scheme apparently began to unravel as the NFA shifted to electronic confirmations. Wasendorf only recently signed the authorization, a decision that would quickly have led regulators to uncover the discrepancy. Wasendorf, 64, a well-known and mostly well-regarded figure in the industry over a four-decade career as a journalist, trader and executive, was reported to be in a coma, the CFTC said.

He was found in his car early on Monday morning in an apparent suicide attempt. A suicide note found with him alluded to some kind of discrepancies with accounts at PFG, the report said, confirming what the broker had told its clients a day ago. A well-known broker for U. But the fear is the funds are gone, the regulators have really dropped the ball. There is no indication yet of how or why the missing money was used. District Court for the Northern District for Illinois, Eastern Division, alleges that PFG failed to segregate customer funds, committed fraud by misappropriation and reported false data to regulators.

The NFA order said the accounts were held at U. Because it was not a clearing member of the CME, a not-uncommon arrangement for smaller brokers that do not want or are unable to keep enough capital of their own, the regulatory burden falls to the NFA and the CFTC, letting the CME Group -- which suffered harsh criticism as the front-line regulator of MF Global -- off the hook.

The shock was twofold for many in the tight-knit trading industry, who struggled to reconcile the apparent suicide attempt with the industry veteran known for his hometown philanthropy and passion for peregrine falcons.

Cook is serving 25 years in prison. It was a sizeable investment for an industry that has come under enormous strain lately as ultra-low interest rates sap revenue from holding customer funds and electronic trading threatens the role of middleman.

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Answers On Innovation Thomson Reuters. Iowa broker PFGBest collapses after hiding millions. West Coast missile defense sites. Families of lost submarine crew decry government response. Pictures of the year. Ann Saphir , Alexandra Alper , P. Others expressed less shock. The Thomson Reuters Trust Principles.


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