Capital Account: For Investors and Customers, PFG is MF Global all Over Again...Submitted by PWA on Tue, 07/10/2012 - 22:03
Welcome to Capital Account. More than $200 million in customer money is allegedly missing from the accounts of one of the largest, non-clearing, US futures commission merchants, PFG Best. That's according to regulators. The money was supposed to be in segregated customer accounts. Customers have been told their money is frozen. Does this sound oddly familiar? We will hear from two PFG Best customers, Christopher Olson and Mohamed Hawary.