Relevant:
- Exclusive: U.S. probing failed broker PFGBest's use of small auditor
- In PFG Scandal, JPMorgan Chase Had Surprising Role: It Held Customer Accounts
- Corzine Sued by Montana Farmers Over MF Global Futures Account Money
- J.P. Morgan Settlement Marks ‘Significant Milestone' for MF Global Customers
- MF Global May Not Be Able to Pay Clients Back: Trustee
2012-07-11 — huffingtonpost.com
Are you getting collapsed brokerage firm PFGBest confused with collapsed brokerage firm MF Global? It's understandable! They're both commodity brokerage firms with a lot of consonants in their names. They both collapsed suddenly, making a bunch of customer money vanish.
But less than nine months ago, PFGBest, a unit of Peregrine Financial of Cedar Falls, Iowa, went out of its way to tell clients it was nothing at all like MF Global.
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