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User Info	Bloomberg News Blackout on PFG Best? in forum [NotSoBreaking]
Passivesf Posts: 5495 Incept: 2008-02-01	trying to find the bloomberg news version of the pfg best fiasco and can't find it. Isn't bloomy the premier financial news group? http://search1.bloomberg.com/search/?q=p.... ---------- "Banking institutions are more dangerous to our liberties than standing armies. The issuing power of currency should be taken from central banks and restored to the people, to whom it properly belongs" 2012-07-10 11:49:12 Permalink
Kylafoon Posts: 2460 Incept: 2009-02-05 Zombie Portal Lookout	WSJ... Quote: Customers of embattled futures and currency brokerage PFGBest saw trades held with the firm liquidated Tuesday, according to people familiar with the matter. All open trading positions held by clients of PFGBest were to be liquidated by Jefferies Group Inc., JEF -1.03%which clears transactions for the struggling company, customers were told in a notice early Tuesday, a copy of which was reviewed by Dow Jones. Representatives for PFGBest and Jefferies weren't immediately available for comment. Late Monday, PFGBest's brokerage and retail customers had their accounts frozen as regulators began looking into the company's books, following what PFGBest described to clients as a "suicide attempt" by founder and Chief Executive Russell Wasendorf Sr. at the company's Cedar Falls, Iowa, offices. In June, the company reported to the Commodity Futures Trading Commission that it held approximately $400 million in customer assets. ---------- "...But whenever we see things done wildly, but taken tamely, then the State is growing insane..." - Gilbert Keith Chesterton 1910 "I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 2012-07-10 11:50:13 Permalink
Passivesf Posts: 5495 Incept: 2008-02-01	Nevermind, found it, had to dig in bloomy though http://www.bloomberg.com/news/2012-07-09.... ---------- "Banking institutions are more dangerous to our liberties than standing armies. The issuing power of currency should be taken from central banks and restored to the people, to whom it properly belongs" 2012-07-10 11:51:54 Permalink
Argos Posts: 6338 Incept: 2008-03-23 The Green Mountain State	BB Radio just had a segment devoted to PFGBest and MF Global. The guest (again, I didn't catch the name) was thorough and quite critical--no airbrushing. He pointed out, bitterly, that regulators discovered that they didn't do their job by reading a suicide note. Last modified: 2012-07-10 13:34:00 by argos 2012-07-10 13:33:32 Permalink
Argos Posts: 6338 Incept: 2008-03-23 The Green Mountain State	Check that, the segment is continuing at the moment. The guest's name is Peter Brandt. Here's his website: http://peterlbrandt.com/about/ 2012-07-10 13:36:52 Permalink