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

  #651 (permalink)
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Wasendorf's legal saga begins : Business Monthly

UPDATE: Lawyer: Son of Peregrine CEO not a target in brokerage fraud

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  #652 (permalink)
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Trustee wants to keep operating PFG and keep employess until November. Sure, why not, it's not his money he's using to pay them. And now he wants to give general counsel an approxiamtely 5% raise and keep doling out benefits to the retained eemployees? WTF?

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  #653 (permalink)
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Peregrine Financial trustee, clients parry over return of funds | Reuters

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  #654 (permalink)
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olobay View Post
Trustee wants to keep operating PFG and keep employess until November. Sure, why not, it's not his money he's using to pay them. And now he wants to give general counsel an approxiamtely 5% raise and keep doling out benefits to the retained eemployees? WTF?


This might sound dumb, but what is there to operate?!! PFG is no longer conducting business, right? And what has the general counsel done to deserve a raise this soon? I'm thinking maybe the trustee and general counsel should be paid a percentage based on how FAST then can get their jobs done. Then they'd have an incentive to do the job they were hired to do. Interesting how they want to "keep the doors open" 'til the week after election.....why "November" and not December or January? Something definitely doesn't sound right.

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  #655 (permalink)
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PFG UPDATE 2012 08-30 17:30 o'clock

greetings traders

here is a piece of long awaited for good news from the trustees of pfg liquidation, or it seems...

a tiny piece of good news, especially for those directly or indirectly effected by pfg and neil....

happy and profitable trading everyone....

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Register to download File Type: swf _LATEST_PFG_BEST_UPDATE__2012-08-30_17_30_o'clock.swf (3.20 MB, 54 views)
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  #656 (permalink)
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Wasendorf's new wife seeks annulment LOL!

Peregrine Financial Group, Inc.: Home Finally!

Peregrine Financial lawyer's planned pay rise draws objection | Reuters

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  #657 (permalink)
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2012-09-01 pfg nfa latest news

just for some who are skeptical about using the word 'news' for this reference,

perhaps you ought to refresh your journalism 101 to see just what the word 'news' sources entail.

for those unfamiliar with the general usage of the word 'news' which comprise of primary news source and secondary news source and others.

as far as i am concerned, this is considered a news source, not necessarily a primary news source though, as many might incline to interpret incorrectly. nevertheless, i am not interested in starting an argument with anyone over this triviality.

here is the latest news which came across my desk a couple of minutes ago.

hopefully it would bring some reassurance toward our future segregated funds, regardless of who the funds are with. i am still somewhat numbed by pfgbest and neil who is now pitching for new segregated funds members with another brokerage frequently appeared across our reading here.

just take extra caution, trading friends, regarding who your trading funds are with, K?

i don't mind a bit, if and when i lost my shirt trading my setups which on rare occasions might have gone astray from their ultimate goals....; but to have lost it otherwise as many news sources revealed, was really truly devastating, to say the least; for my humble self anyway.

enjoy and have a great wkend everyone. remember to shower your love and affection for your significant love ones more so today than yesterday, OK?

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  #658 (permalink)
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#PFGBest Distribution Filed: 30% 4d & Delivery Class, 40% 30.7 Class

30% or 40% depending on if your account is 4D or 30.7.

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  #659 (permalink)
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Somewhat confusing as the 4D or 30.7 distinction...I think all accounts should be treated equally as one pool...cash is cash regardless where it is kept in this case...am I missing something???

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  #660 (permalink)
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flyg View Post
Somewhat confusing as the 4D or 30.7 distinction...I think all accounts should be treated equally as one pool...cash is cash regardless where it is kept in this case...am I missing something???

I believe if you traded markets on US exchanges, you had a 4D account so you get back 30%. If you traded on markets on foreign exchanges, you had a 30.7 account and will get back 40%.

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