Recently I received a call from a reader who wanted my opinion on whether it was better to use a large broker, say a Merrill Lynch, over a specialized futures broker, considering what happened to Peregrine Financial Group.
It’s the time of year for taking stock, making resolutions and then looking ahead to the next 12 months. Before turning the page on 2012 for good, we took a look back at our most popular stories of the year.
It’s possible that for many readers, Futures has spent too much time focusing on what happened with MF Global and PFG and how their deceitful use of customer segregated funds has stained the futures industry.
After a weeklong delay due to Hurricane Sandy hitting the east coast the National Futures Association (NFA) on Monday launched an upgraded version of its Background Affiliation Status Information Center (BASIC), giving investors online access to key futures commission merchant (FCM) information.
In a Sept. 9 court filing, the agency asked the court to delay a distribution of funds to Peregrine Financial Group customers until trustee Ira Bodenstein has performed “reasonable due diligence to ensure that the data underlying the distribution are reliable.”