Its like are there just a bunch of robbers out there ??? comon! Its a real sore point for me sorry just venting thanks Mike for the place to do it. I lost less than 50K and I know many people lost a lot more than that but it seemed like all the money in the world to me.
If you cant trade thats totally ok but dont become a robber !
If I lose 70 percent because of my actions thats fine its my fault its a very risky environment and robbers do exist everywhere but thats why we pay the NFA so I have to say I do blame the NFA for missing many very simple opportunities to check this out.
The NFA charges a fee for every trade we make and they bear a lot of responsibility for the problem. They should be making up the shortfalls. If they did that the goodwill and confidence they would create would be fantastic. It would bring traders back in and instill confidence and stability instead of fear and uncertainty and doubt within the industry and about them as an adequate regulator.
The CME should step up with them as well they are both totally blowing a great opportunity to create new business and to stabilize and enhance the entire futures Industry they themselves depend on to grow their own business. I have not seen either of them acknowledge this at all and I think that is pretty lame for them to run away like they have done.
Step up CME and Step up NFA lets see something real from you besides jut your fees you would be doing the right thing and the right thing for business expansion.
The following 4 users say Thank You to Wave for this post:
It is not necessary to file by mail if you have already filed through email. We have received your Proof of Claim. Your Proof of Claim will be available to view on the Proof of Claim docket on our website www.pfgchapter7.com within 48-72 hours. Thank you.
In yesterday's hearing on Drohan Lee LLP's motion on behalf of PFG's retail forex customers Judge Carol Doyle advised the plaintiffs to file an "adversary" suit against the Trustee to force him to return the funds of PFG's forex customers.
A victory for Drohan Lee would indeed be a huge precedent for all retail forex traders in the United States, and a welcome one at that. However, the precedent may not be to the liking of many in the futures industry. This quote from John Roe of the Commodity Customer Coalition is very telling:
If FX customer assets are no more than a backstop for futures customers in the event of bankruptcy then retail forex traders need to think long and hard before opening an account with a FCM whose primary business is futures. That is what is at stake in the adversary suit about to be filed.
Last edited by FCMReform; October 12th, 2012 at 12:55 PM.
The following 2 users say Thank You to FCMReform for this post:
I mailed my Proof of claim on Sunday September 30th from Montreal Quebec Canada. Has it been received and is everything in order? When will the wire disbursements begin?
Sent: Thursday, October 11, 2012 2:37 PM
Subject: Re: PFG Best - Distribution Registration Support
Thank you for submitting an inquiry with regards to obtaining confirmation information of receipt for your claim filed in the Peregrine Financial Group, Inc. (12-27488) bankruptcy matter. Confirmation of your received and processed claim can be obtained in the following methods:
1. All processed claims will be available for viewing on the “Proofs of Claim Docket” section found at www.pfgchapter7.com. Processing time will vary depending on the number of claims received.
2. All claimants with processed claims will also have mailed to them an “Acknowledge of Receipt of Proof of Claim” letter stating the “Date Claim Filed” and “Assigned Claim Number”.
If you provided an additional copy of your claim along with a self-addressed postage paid envelope, a filed stamped copy of your claim will be returned to you as well.
The following user says Thank You to olobay for this post:
i felt so sorry for myself and numerous others who....
thx for your timely post.
i felt so sorry for myself and numerous others who.... have been asked to act in some manners as welfare recpients asking for free handouts.
many here might not mind being asked to go additional miles just because some atty and their office staff were too lazy to do. after all, they were paid alot more than what they deserved, not to mention other incidental expenditures included in each of their billings to personal as well as corporate clienteles. if my trader friends here also happen to be atty as well, my apology.
i just detest being ask to fill out more forms and besides having to pay for insured postage (about 20 usd per mailing) and stuff which appeared out of the last century work habits.... LOL
these groups really ought to modernize themselves and their antiquated practices to include other graphics verification so commonly used by paypal and all...
confound them all....
just letting off steam, my apology.
wishing everyone much better wkend.
just to let you all know, i for one will refuse to comply with their additional demands or requests or insistence or whatever. and we'll see what they can wiggle with my money already considered LOST AND GONE with the <pfg> wind.... <pls do not follow my action, it is not a wise decision for most. compliance is the name of the game in most societies, i am afraid. K?>
Last edited by nakachalet; October 13th, 2012 at 06:48 PM.