Less than nine months after MF Global's collapse sent shockwaves through
U.S. futures brokerages, news that more than half the customer funds at
Iowa-based PFGBest are missing is threatening to shatter the fragile
confidence in the industry.
http://www.reuters.com/article/2012/07/10/us-broker-pfgbest-mfglobal-idUSBRE86909K20120710?type=companyNews
... another $220 million segregated account pillage has just taken
place, in the vein of none other than Jon Corzine and MF Global. The
money has now officially vaporized.
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