The trustee liquidating Peregrine Financial Group Inc. asked a judge for authority to subpoena the defunct futures brokerage's banks including JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) for information about transfers from segregated accounts and proprietary accounts.


Peregrine's July 10 bankruptcy, cutting off customers' access to their accounts, came less than a year after the failure of MF Global Holdings Ltd. (MFGLQ), whose clients are still missing $1.6 billion. In district court in Chicago, a receiver is finding and securing Wasendorf's assets on request of the CFTC, which is probing more than $200 million of missing customer money, as is the Justice Department.

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