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PFGBest Accounts Frozen (PFG scandal big thread)
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PFGBest Accounts Frozen (PFG scandal big thread)

  #521 (permalink)
Elite Member
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Zelek11 View Post
Wow, didn't realize I was going to make some people mad. I was excited because I wanted to learn more about futures. My class was about to start earlier this week and then PFG went under. Then I found out that the instructors are going to teach for free and I couldn't believe it. So I wanted to share that side of the story. Shoot, I was also excited because I thought for the first time since joining last November that I finally had something interesting to post!

I should have been more sensitive to those that lost money. I didn't think about that when I posted my story. However, in case my membership is in jeopardy, I can provide proof of my story.

I had an account with PFG, but never spoke anything good about the company before. But now I want to say this: I don't regret that I had my account with PFG even though I don't know how much I can get back. The reason is very simple, there were truly many good people in the company and they helped me along the way. I did not desire post anything about this unfortunate event, but decided to give Zelek11 some support. Thanks for your post. Many are just making fun out of it.

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  #522 (permalink)
Site Administrator
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I hope that the good employees at PFG can find work.

It is a tough time in the industry, and especially so if you are "branded".

Mike

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  #523 (permalink)
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aligator View Post
Traders press was the publisher of SFO magazine and a number of other books sold on PGF bookstore shelves, including Woodies' CCI book, The Revolutionary thing.... You can not buy that book any more, so hang on to the one you already have. Who knows, it may become a best seller and as valuable as a Charles Dickens' original manuscript suitable for Smithsonian.

I am sure he bought it because he wanted to publish his his own books:
"The idiot's guide to PO Boxes"
"PDF cut and paste for advanced users"
"OPM all the way"

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #524 (permalink)
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mattz View Post
I am sure he bought it because he wanted to publish his his own books:
"The idiot's guide to PO Boxes"
"PDF cut and paste for advanced users"
"OPM all the way"



Thanks, I needed a good laugh today.

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  #525 (permalink)
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Big Mike View Post
I hope that the good employees at PFG can find work.

It is a tough time in the industry, and especially so if you are "branded".

Mike

... and you moved from Chicago to Cedar Falls, Ia. (population 39,000) when PFG moved their headquarters ... and you don't have a paycheck to move back with ...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #526 (permalink)
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Munich, Germany
 
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mattz View Post
I am sure he bought it because he wanted to publish his his own books:
"The idiot's guide to PO Boxes"
"PDF cut and paste for advanced users"
"OPM all the way"


LOL

He did publish a book though... "All about Futures - The easy way to get started"... bought it at a Trading Expo just when I started day trading... it's the worst book on trading I have on my shelf... poorly structured and written...

Just skimmed through the book again... there is even a section on broker due diligence... and as one criterion he mentions "honesty", with a whole paragraph about it...


Last edited by karoshiman; July 16th, 2012 at 05:55 AM. Reason: Made it less dramatic :)
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  #527 (permalink)
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Munich, Germany
 
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sctrader View Post
There is about a 20-sec clip of an interview with Wasendorf. It starts just before the 15:00 mark

Full Episode Player


"The FCM's are required to keep their customer funds segregated from their operating capital... that's religion in the FCM world... we don't ever violate that"


Last edited by karoshiman; July 16th, 2012 at 05:56 AM. Reason: Again, less drama
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  #528 (permalink)
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gulfnews : The fall of Iowa brokerage presaged in Christmas toast



Last December, speaking at the PFG Christmas party ... Wasendorf rambled and said that while he was proud of creating Peregrine after his first year in business, you never know how things will turn out ...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #529 (permalink)
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Laurus12 View Post
...
No matter how hard I try, I never can get "über" to fit with "primitive".


That's an easy one: über-primitive.
It should explain quite a bit.

vvhg

Hic Rhodos, hic salta.
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  #530 (permalink)
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Laurus12 View Post
No matter how hard I try, I never can get "über" to fit with "primitive".

Laurus

Now you sound like my ex wives.....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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