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  • CFTC Finally Gets The Memo: Regulator Sues PFG, Says Firm Has $200 Million Customer Fund Shortfall

    From zerohedge.com

    MF Global 2 is now official. At least one can never accuse ex-Goldmanite, and current head of the CFTC Gary Gensler, as being behind the curve: U.S. COMMODITIES REGULATOR SUES PEREGRINE FINANCIAL GROUP FIRM HAS $200 MILLION CUSTOMER FUND `SHORTFALL', CFTC SAYS CFTC LAWSUIT FILED ONE DAY AFTER FIRM ANNOUNCES NFA PROBE Hopefully, the CFTC's now meaningless action will help all those farmers whose money has just vaporized. Luckily, they can make it all up on record corn profits.

I'm done with forex. I trusted PFG. They got me....they were considered one of the most trust worthy....now i trust none of them at all. They're all thieves.
Quoting cugir321
I'm done with forex. I trusted PFG. They got me....they were considered one of the most trust worthy....now i trust none of them at all. They're all thieves.
Check all of them under microscope, I believe all of them are filthy dirty using all kinds of tactics clean out their clients accounts without no mercy. Yes, many of them maybe are
thieves and need to be eliminate once and for all. Many people lost money in forex just because of them. The market does not move swing that much. They created the swing to rob people's money at blank. Excuse that stop loss ...a bunch of bullshit reason to cover-up their conspiracy with bankers. They all need to be hang.
in this case, customers will not receive anything? will not be able to transfer your money?
  •  Guest
  • | IP XX.XX.20.79
Hello

Any idea how will they divide funds which left between all clients or is there any way to try recover missing funds ?

THX
The founder tried to commit suicide. Give him a break will ya, he is very poorly in hospital...
Quoting TraderUSA
Check all of them under microscope, I believe all of them are filthy dirty using all kinds of tactics clean out their clients accounts without no mercy. Yes, many of them maybe are
thieves and need to be eliminate once and for all. Many people lost money in forex just because of them. The market does not move swing that much. They created the swing to rob people's money at bank. Excuse that stop loss ...a bunch of bullshit reasons to cover-up their conspiracy with bankers. They all need to be hung.
Ok just to be clear you're talking about brokers aka market makers.........not the cretinous sods that offer ridiculous returns for investing large amounts .... as for the dirty tactics of MM's they are pretty obvious .....usually the best reason to rotate brokers
Quoting Porkpie
The founder tried to commit suicide. Give him a break will ya, he is very poorly in hospital...
i wish he would of finish the job
Quoting PoundTrader
i wish he would of finish the job
For his own sake. He does not want to have to face an even angrier customer mob waiting outside of the hospital room. They give him a break alright.
  •  Guest
  • | IP XX.XXX.126.232
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  • Story Stats
  • Posted: Jul 10, 2012 10:55am
  • Submitted by:
     Newsstand
    Category: Forex Industry News
    Comments: 8  /  Views: 1,952