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...Related links: PFGBest: The Corporate History - WSJ MF Global redux as regulator says PFGBest client funds missing – Reuters...
...Peregrine, which did business as PFGBest, and Mr Wasendorf committed fraud by misappropriating and failing to segregate customer funds and making false statements to the commission, the lawsuit said....
...Peregrine, which did business as PFGBest, and Mr Wasendorf Sr committed fraud by misappropriating and failing to segregate customer funds and making false statements to the commission, the lawsuit said....
...Peregrine Financial Group, aka PFGBest, along with its owner, Russell Wasendorf, Sr., have been charged in a $200m fraud....
...Peregrine, which branded itself PFGBest, was a smaller broker in a sector where declining interest rates and shrinking commissions has made business difficult....
...Earlier in the day the CFTC filed a civil lawsuit accusing Peregrine, which operated as PFGBest, had only $5.1m in a customer account that was falsely claimed to hold $220m....
...(Financial Times) - PFGBest founder’s Romanian property empire. (Reuters) - Vuvuzelas are off to the Olympics. (Bloomberg) - Honeywell CEO says business needs to speak out on the fiscal cliff....
...Peregrine, which did business as PFGBest, was required to hold $400m on behalf of customers, according to the National Futures Association, a self-regulatory body....
...(Financial Times) The CFTC is “looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according...
...Peregrine, which operated as PFGBest, filed for liquidation in a bankruptcy court in Chicago on Tuesday....
...IG also said it had signed up PFGBEST, a US retail broker offering futures, forex and options, as its first large client. Shares in IG closed down 19½p at 497p on Thursday....
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