bankruptcy
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PFGBest Update: Interpreting the Distribution Motion
By now, most people have heard about the trustee’s motion yesterday for a distribution. There’s been a lot of confusion…
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4 Concerns for Today’s CTFC Roundtable
The CFTC roundtable on regulatory reform has revealed a plan to implement SIPC-style coverage for futures investors, but that’s not…
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PFGBest Update: What is JPMorgan Hiding?
JPMorgan has been very quiet about its role in the PFGBest fallout… and now they’re trying to block the trustee’s…
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PFGBest Update: 7 Takeaways from the CCC Bankruptcy Breakdown
Our friend John Roe at the Commodity Customer Coalition (CCC) has a great piece out regarding the PFGBest bankruptcy and…
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Vote of No Confidence: A Call to Investigate the National Futures Association
Last week, the futures industry was rocked when Russ Wassendorf, Sr., CEO of PFGBest, admitted to falsifying bank statements to…
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PFGBEST Update: Dear CME
The CME has the opportunity to shore up confidence in the futures market, and send a message to futures investors…
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PFGBest Update: Context for Numbers
We’re glad the PFGBest fiasco is getting some attention, especially when it comes to the regulatory environment. But not all…
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PFGBest Update: Why it All Comes Back to the NFA
New twists in the PFGBest story keep coming – today we learned that their auditor was a once-person shop in…
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PFGBest Update: Chapter 7
In case you missed it, PFGBest has filed for bankruptcy. We take a look at the circumstances, and what they…
