"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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Favorite Futures: Texas Grease, NY Harbor Blend, Hammond B-3
Posts: 303 since Jun 2012
Thanks: 123 given,
PFG Shutdown by Regulators
this is the email that was sent to customers:
“Due to a recent emergency involving Russell R. Wasendorf, Sr., a suicide attempt, some accounting irregularities are being investigated regarding company accounts. PFGBEST is wholly owned by Mr. Wasendorf. Therefore, the NFA and other officials have put all funds on hold, and PFGBEST is in liquidation-only status with our clearing FCM. What this means is no customers are able to trade except to liquidate positions. Until further notice, PFGBEST is not authorized to release any funds. We will update you as any new procedures are stipulated and with any further information as it becomes available.”
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very stern brush off from a well connected risk manager. I asked if there was anything to be concerned about in that news and his response was..."aren't you at Boy Scout camp this week...I though you where camping". Then we talked about fishing until I asked again and got the...gotta run, have fun at camp.
This was personal phone not firm recorded line.
Knowing this particular guy, until I hear different, I will take the response to mean that I'd be better off at camp.
Russ Jr and Mom both in senior positions at the firm that is 100% owned by the family.
Last edited by wldman; July 9th, 2012 at 06:09 PM.
Reason: addl info
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