Iowa broker PFGBest collapses after hiding millions

by Blogburger on July 11, 2012

CHICAGO/WASHINGTON/CEDAR FALLS, Iowa (Reuters) – The U.S. futures industry reeled on Tuesday as Iowa-based broker PFGBest collapsed after regulators accused it of misappropriating customer funds for more than two years, dealing a new blow to trader trust just months after MF Global’s demise. …
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Tagged as: after, Broker, collapses, hiding, Iowa, Millions, PFGBest

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