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By Silla Brush, Bloomberg |
March 7, 2013
Futures brokerages say a proposed U.S. rule meant to protect customers’ money in a collapse like MF Global Holdings Ltd.’s bankruptcy may end up driving clients from the market and companies out of business.
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By Karen Gullo, Bloomberg |
January 31, 2013
Russell Wasendorf Sr., the founder of now-bankrupt commodities firm Peregrine Financial Group Inc., was sentenced to 50 years in prison for what prosecutors said was a theft of more than $215 million from customers.
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By Press Release |
November 21, 2012
The CFTC today announced the filing and simultaneous settlement of charges against Cantor Fitzgerald & Co., Inc. for failing to maintain sufficient funds in its customer segregation account for a period of three days.
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By Daniel P. Collins |
November 1, 2012
One year later and former MF Global customers still don’t have all their money. So, where is it?
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By Philip McBride Johnson |
October 26, 2012
The ultimate fall-out from MF Global is yet to be seen. Maybe it will fade into a distant memory, an aberration that rarely occurs. Or, it could loom large.
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By Michael McFarlin |
October 23, 2012
The Commodity Futures Trading Commission unanimously approved new customer protection rules yesterday in response to MF Global’s demise one year ago and the revelation of fraud PFGBest earlier this year.
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By Matthew Leising and Silla Brush, Bloomberg |
October 23, 2012
The U.S. agency that oversees derivatives, criticized for poor oversight of MF Global Holdings Ltd. and Peregrine Financial Group Inc., proposed new rules to improve segregation and protection of customer funds.
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By Michael McFarlin |
October 23, 2012
Russell Wasendorf has pleaded guilty to fraud at Peregrine Financial Group and is behind bars. Now, his estate is up for sale to try and recoup some of his theft. The "Des Moines Register" got a look inside his estate.
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By Alanna Byrne |
October 11, 2012
A group of Peregrine Financial Group (PFG) forex and metals account holders are asking a judge to order Trustee Ira Bodenstein to return these accounts to customers, arguing that they should not be considered assets of the estate.
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By Steve Zwick |
October 1, 2012
With the recent fraud at PFGBest essentially torpedoing more than a century of trust, is a major overhaul of retail brokering the only solution?
