The Wall Street Journal is reporting that PFG's trustee is now going to address the status of PFG's retail forex customers:
http://online.wsj.com/article/SB1000...googlenews_wsj
Of further interest to traders in the article is the NFA's support for additional legal protections, although nothing was specified.
http://online.wsj.com/article/SB1000...googlenews_wsj
QuoteDislikedIra Bodenstein, the trustee liquidating Peregrine, in a notice Wednesday told holders of currency and precious metals accounts with the firm that addressing their claims was his "next agenda item," though no decisions have been made on how these will be handled or how much money these customers may get back.
"If the Bankruptcy Court concludes that payment in full to forex and metals customers is appropriate, there are sufficient funds to accomplish that outcome," Mr. Bodenstein wrote. "If the Bankruptcy Court reaches a different conclusion, there are sufficient funds to address whatever treatment of these claims that the Bankruptcy Court orders."
Of further interest to traders in the article is the NFA's support for additional legal protections, although nothing was specified.