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Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
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LeapRate's Forex Industry News
  • PFGBest Bankruptcy Renews Call To Review Regulators' Role In FX 0 comments
    Jul 11, 2012 9:38 AM | about stocks: KCG, KEY, LYG, MCQEF, MNXBF, MNXBY, MS, MSFT, MTU, NTRS, OXPS, PNC, PNSN, RBS, RJF, RY, SAN, SCGLY, SCHW, STT, SWQGF, TD, TRAD, TRI, UBS, USB, WFC

    Raises questions as to what CFTC and NFA regulators actually do.

    PFGBest logoFollowing what happened recently at MF Global in the US and WorldSpreads in the UK, it was not such a shocking surprise in the FX world when news broke of yet another apparent FX ponzi scheme and misuse of client funds, this time at US-based PFGBest.

    While initially it seemed as though attention centered on the sensational story of the attempted suicide of high-flying PFGBest owner / founder / Chairman Russell Wasendorf Sr., when more details of the story leaked out most of the focus changed to anger at PFGBest's regulatory overseers, the CFTC and the NFA, and the questioning of what exactly they do.

    For more details see LeapRate's Forex Industry News at leaprate.com.

    Is your Forex firm LeapRate Approved c3

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