fraud
-
PFGBest Update: What’s the point?
The NFA seems to be expressing some confusion over whether or not the regulators are supposed to be on the…
-
So, what do we do next?
There’s no way around it: the recent scandals at MFGlobal and PFGBest have rocked confidence in the futures industry. Some…
-
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…
-
PFGBest Update: A Lack of Understanding
The NFA recently announced that they had retained the law firm Jenner and Block to conduct a review of their…
-
PFGBest Update: NFA on hook for $870k?
Now we know where at least some of the missing PFG money went – Russ Wasendorf, Sr. claims that used…
-
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…
-
PFGBest Update: One Phone Call
As additional details rise to the surface, it becomes ever more difficult to understand how the regulators could have missed…
-
Conflict of Interest Behind Conflicting Testimony?
As testimony on Capitol Hill has continued, MF Global’s collapse has become (if possible) even more dramatic. Corzine’s strategy of…
