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By Alanna Byrne |
September 28, 2012
A U.S. district court today vacated a controversial Commodity Futures Trading Commission (CFTC) rule that would have set position limits on derivatives tied to 28 physical commodities, and remanded the rule to the agency.
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By Andrea Tan, Gavin Finch and Liam Vaughan, Bloomberg |
September 26, 2012
Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to court filings.
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By Daniel P. Collins, Alanna Byrne |
September 21, 2012
As if the Peregrine Financial Group (PFG) fraud story could not get any more peculiar, Russell Wasendorf Jr. and his wife Amber filed a lawsuit against US Bank and one of its employees last Friday, alleging that the bank failed to disclose pertinent information about his father’s finances and misuse...
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By Alanna Byrne |
September 21, 2012
Peregrine Financial Group customers will receive their first payout — totaling roughly $123 million — after a federal bankruptcy judge Thursday approved a distribution plan from trustee Ira Bodenstein.
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By Andrew Harris and Tom Witosky |
September 17, 2012
Russell Wasendorf Sr., founder of the bankrupt commodities firm Peregrine Financial Group Inc., pleaded guilty to stealing more than $100 million from its customers.
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By Tom Witosky and Margaret Cronin Fisk, Bloomberg |
September 17, 2012
Russell Wasendorf Sr., founder of the bankrupt commodities firm Peregrine Financial Group Inc., will remain in custody after his planned guilty plea
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By Andrew Harris, Bloomberg |
September 17, 2012
Russell Wasendorf Sr., the indicted founder of Peregrine Financial Group Inc. who tried to kill himself in July, will be freed on bail after he pleads guilty to embezzlement on Sept. 17, a judge said.
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By Press Release |
September 13, 2012
Federal court enters emergency order freezing defendant’s assets and protecting books and records.
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By Alanna Byrne |
September 13, 2012
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.”
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By Andrew Harris, Bloomberg |
September 12, 2012
Peregrine Financial Group Inc.’s liquidating trustee can consider bulk offers for futures client accounts from other commodities firms, a U.S. bankruptcy judge said.
