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    PFG - What happens if you have accounts with them??

    I was part of a bulk move from MFG to RJO, then I transfered it to PFG. I could trade right off my Genesis Trade Navigator charting software. I will say that I really liked that, been using the TN for years ever since my graduation from paper charts. Senator Roberts is pretty hard core about...
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    PFG - What happens if you have accounts with them??

    For what it's worth, a letter to senators Stabinow and Roberts
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    PFG freezes accounts, CEO attempts suicide

    I posted in the PFG thread, thought the MFG folks may be interested that there's a senate hearing set, Wednesday, August 1, 2012, at 09:00 AM. The Committee will conduct a hearing to continue its ongoing examination into the collapse of financial firm MF Global as well as the recent collapse of...
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    PFG - What happens if you have accounts with them??

    For those interested there's a senate hearing set, Wednesday, August 1, 2012, at 09:00 AM. The Committee will conduct a hearing to continue its ongoing examination into the collapse of financial firm MF Global as well as the recent collapse of Peregrine Financial Group. There's always a live...
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    PFG - What happens if you have accounts with them??

    We appreicate the heads up, something for the PFG people to be aware of going forward. In our case with PFG, I feel comfortable with Ira Bodenstein as trustee, he has commodity experience, good background. The CCC has retained good counsel too, makes me feel like we've got a good solid...
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    PFG - What happens if you have accounts with them??

    From the conference call yesterday, the question was brought up about "property". They would be treated the same as those who put up cash in their margin accounts, sharing the same persentage of distributions that the trustee is able to make. The little twist though, you'll have to pay in to...
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    PFG - What happens if you have accounts with them??

    I joined the Commodity Customer Coalition's phone conference call this evening, sounds like they've got solid lawyers involved in the PFG case. While the big question remains about how much and when, I feel like we've got quality representation on our side of the PFG equation. The first...
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    PFG - What happens if you have accounts with them??

    Yes, you're right, Genesis did add a few more brokers, just took a look, thank you. I haven't decided yet but nothing's happening until PFG gets resolved, looks like it's paper trading through Genesis for now. I did like PFG, I'll admit, good for smaller traders, trade through Trade...
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    PFG - What happens if you have accounts with them??

    You just don't get it do you? We're trying to be positive and supportive of our fellow traders here, especially those who just got vaporized by PFG. You are not being constructive at all, please move to a different thread. Now, for those interested, a replay of the Dood/Frank review in front...
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    PFG - What happens if you have accounts with them??

    Say emg, about these proofs, weather you're right or wrong, it's a moot point in this thread about PFG, show some compassion for your fellow traders and take your arguements to another thread. Now back to the thread subject. A good source for information about the PFG proceedings is the...
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    PFG - What happens if you have accounts with them??

    Everyone needs to pull their statements right away, you'll need them in the claims process. Pass the word around the message boards.
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    PFG - What happens if you have accounts with them??

    That point was brought up in my first go around with MFG. It was the opinion that nobody (exchanges or whomever) wanted to risk setting a precedent for fear something like this may happen again and they would be liable for losses. Now in the conference call with the CCC, Commodity Customers...
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    PFG - What happens if you have accounts with them??

    Not pretty to say the least. Yes, I originally got transfered to RJO but set up an account at PFG because I could fully intragrate into Trade Navigator by Genesis so I could trade right of the charting software, a feature which I love. I honestly believed that the associations...
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    PFG - What happens if you have accounts with them??

    I seriously take offence to these statements. You're a potato head. This is not construtive at all, terribly condencending and ignorant. Over 4000 posts and this is how you contribute? What in hell is the matter with you? Anyone trading futures understands that point, you can win or lose on...
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    MF Global Customer Money Traced To JP Morgan

    Obrien may have copted a plea in exchange for her cooperation. With criminal charges that could be filed, I'm sure the alphabet agencies, FBI included, are giving everything a very thorough investigation, making sure that all the dots are securely connected. Nobody wants to be in a rush to get...
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    Anyone pulling money out of MF Global?

    For what it's worth, I'm a member at CCC, don't know how well they can stand up to JP Morgan's million dollar lawyers but at least there's someone there to voice our opinion.
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    Anyone pulling money out of MF Global?

    They most certainly have, made me feel like my account was iron clad. The CME has been back peddling on their statements after MF. The CME gave a green light to the segregated funds just a week prior to the melt down, they're on the hook too because of that. The CME could restore all the MF...
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    Anyone pulling money out of MF Global?

    Senate Committe hearing, it starts at about 22 minutes 12 seconds so scroll ahead. http://ag.senate.gov/hearings/continuing-oversight-of-the-wall-street-reform-and-consumer-protection-act Ranking Member Pat Roberts doesn't mince words, good for him, at 26 minutes, 35 seconds.
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    Anyone pulling money out of MF Global?

    That's exactly why I posted in retail firms subsection, the web address to send out letters to every elected official in your juridiction, it's..... www.congress.org This is not just a MF customer problem, this concerns every trader as the ramifications are that every trader could lose his...
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    Anyone pulling money out of MF Global?

    I sure love how their notification process, just for grins, I checked at RJObrian, used my account number with the appropiate prefex, lo and behold, there I am, 60% of the funds.
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