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

  #751 (permalink)
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  #752 (permalink)
tw
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brevco View Post
No, this makes the 4th....over about 25 - 30 years.

The books are scrutinized and certified yearly by the authorities.
tw

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  #753 (permalink)
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"Trading desk /Photoshop forgery & shredding desk" 2nd floor office?

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Last edited by Cloudy; October 22nd, 2012 at 05:15 PM.
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  #754 (permalink)
Market Wizard
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Did you get your account statement in the mail?

So, supposedly 123M was transferred to Vision for distribution to Futures Accounts claims last week. Did anyone get anything in the mail from Vision?


Last edited by aligator; October 28th, 2012 at 03:08 PM.
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  #755 (permalink)
Market Wizard
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aligator View Post
So, supposedly 213M was transferred to Vision for distribution to Futures Accounts claims last week. Did anyone get anything in the mail from Vision?


I have not, yet. I've gotten numerous e-mails from my IB saying the money is at Vision, though.

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  #756 (permalink)
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kevinkdog View Post
I have not, yet. I've gotten numerous e-mails from my IB saying the money is at Vision, though.

Is Vision handing out all the accounts to its IB's, or is it keeping some? I haven't found any press on this. @mattz might know (an IB of VFM).

Mike

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  #757 (permalink)
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Big Mike View Post
Is Vision handing out all the accounts to its IB's, or is it keeping some? I haven't found any press on this. @mattz might know (an IB of VFM).

Mike

I would assume that due to the large # of account transfers some IBs help in the transition of accounts.

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  #758 (permalink)
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aligator View Post
So, supposedly 213M was transferred to Vision for distribution to Futures Accounts claims last week. Did anyone get anything in the mail from Vision?

i got a letter by post from Vision Financial Markets, Connecticut
the letter shows as of 10/22/2012 a credit of USD x.x (30% of my pfgbest account balance).
and a new account number Vxxxxx (xxxxx is my old pfgbest account number).

i shall call Vision on monday and get more details.

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  #759 (permalink)
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binary View Post
i got a letter by post from Vision Financial Markets, Connecticut
the letter shows as of 10/22/2012 a credit of USD x.x (30% of my pfgbest account balance).
and a new account number Vxxxxx (xxxxx is my old pfgbest account number).

i shall call Vision on monday and get more details.

No need to call them. Here's what you need to do if you do not want to keep an account at Vision.

Vision Financial Markets - Futures, Securities & Options | Brokerage, Clearing & Technology

http://www.visionfinancialmarkets.com/pfgtransfer/

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  #760 (permalink)
Market Wizard
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Big Mike View Post
Is Vision handing out all the accounts to its IB's, or is it keeping some? I haven't found any press on this. @mattz might know (an IB of VFM).

Mike

They do handle handing out the funds. One has the option to stay with them, transfer to another account, or get the cash back.

http://documents.visionfinancialmarkets.com/support/initial_information_on_distribution.pdf

Cheers.

BTW, yesterday I received a mail letter from them with a new statement, only 30% of my account with PFG. Now I have to fill out a form for one of the three options and attach a copy of the this last statement for Vision to take action.

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