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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

My company:: LeapRate
My blog:: LeapRate's Forex Industry News

PFGBest Fallout – How Much Can Clients Expect To Recover? 3 comments

Jul 16, 2012 8:57 AM | about stocks: KCG, KEY, LYG, MCQEF.PK, MNXBF.PK, MNXBY.PK, MS, MSFT, MTU, NTRS, OXPS, PNC, PNSN.PK, RBS, RJF, RY, SAN, SCGLY.PK, SCHW, STT, SWQGF.PK, TD, TRAD, TRI, UBS, USB, WFC

CFTC emergency meeting, auditor questions, who knew what when...
As regulators, clients, employees and creditors of PFGBest continue to search for answers as to what exactly happened to more than $200 million of missing client money (probably not a big mystery), and as disgraced PFGBest founder Russell Wasendorf Sr. lies in an Iowa City hospital recovering from a suicide attempt (although technically under arrest), the blame-game and fallout from the collapse of one of the United States' largest futures brokers, which also had a sizable retail FX presence, has begun.
The CFTC has summoned an emergency meeting; calls for the resignation of CFTC Chairman Gary Gensler have begun; auditor questions; who knew what when; and how much can clients expect to recover?
For more details see LeapRate's Forex Industry News at leaprate.com.

Themes: PFGBest, segregation of client funds, CFTC, Gary Gensler, MF Global Stocks: KCG, KEY, LYG, MCQEF.PK, MNXBF.PK, MNXBY.PK, MS, MSFT, MTU, NTRS, OXPS, PNC, PNSN.PK, RBS, RJF, RY, SAN, SCGLY.PK, SCHW, STT, SWQGF.PK, TD, TRAD, TRI, UBS, USB, WFC

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towwy Comments (16)

What are those watch-dogs doing there?
How they find it out ?
Thanks for sharing !

16 Jul 2012, 03:42 PM Reply Like

towwy Comments (16)

who knew what when; and how much can clients expect to recover? Good questions any way.

16 Jul 2012, 03:44 PM Reply Like

towwy Comments (16)

http://onforb.es/M3MQKe

16 Jul 2012, 03:46 PM Reply Like

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