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MF Global redux as PFGBest funds go missing

2 years agoNews : The Coming Crisis

(Reuters) - Less than nine months after MF Global's collapse sent shockwaves through U.S. futures brokerages, news that more than half the customer funds at Iowa-based PFGBest are missing is threatening to shatter the fragile confidence in the industry. PFGBest on Monday told its foreign exchange and commodities customers that their accounts had been frozen after an apparent suicide attempt by its chairman.
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See more about: MF Global

After MF Global, Another Brokerage Collapses With $200 Million Missing

Business & Finance : DealBook (2 years ago)

Months after the failure of MF Global, regulators are scrambling to deal with the collapse of PFGBest, which is missing more than $200 million in customer money. Read Post

MF Global deja vu? $220 million goes missing at futures brokerage

Business & Finance : Money & Co (2 years ago)

It feels like doomsday at mid-size Iowa futures brokerage PFGBest, where $220 million in customer funds have gone missing, accounts have been frozen by an industry regulator and the company’s chief executive attempted suicide Monday... Read Post

Futures broker missing $220m in funds

Business & Finance : Business Report (2 years ago)

Less than nine months after MF Global's collapse sent shock waves through US futures brokerages, news that more than one-half of customer funds at Iowa-based PFGBest are missing threatens to shatter the fragile confidence in the ind... Read Post


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