They have deregulated to the point of anarchy. I was fully expecting Obama to work on reregulation but he instead appointed Wall Street as his cabinet. I think that neither political party is going to re-regulate our financial industry and it's a real sad thing really. They only regulated Wall Street after the crash of '29 because an Italian prosecutor went after the good old boys club. We need a prosecutor that isn't an insider and that doesn't seem to be happening..
PFG freezes accounts, CEO attempts suicide
- Thread starter Maverick74
- Start date
They have deregulated to the point of anarchy. I was fully expecting Obama to work on reregulation but he instead appointed Wall Street as his cabinet. I think that neither political party is going to re-regulate our financial industry and it's a real sad thing really. They only regulated Wall Street after the crash of '29 because an Italian prosecutor went after the good old boys club. We need a prosecutor that isn't an insider and that doesn't seem to be happening..
I'm I the only one on this great big forum who has lost money with this firm?
Looks like Larry Williams may lose some $.
"Like many of you I am in same boat, Louise and I had two 6 figure accounts that have been liquidated and locked up. So what are we going to do?"
http://www.forexfactory.com/showthread.php?t=317077&page=2815
bummer
Bacon is the perfect investment vehicle.
Air freshener, exhalted food item whose essence is truly intoxicating, converts from living food item to wood smoked long-lasting edible gold.
I will keep T-Bills issued by the Fed in my name in the trading account, and lots of bacon in a large refrigerator. Thick cut, applewood smoked bacon.
Air freshener, exhalted food item whose essence is truly intoxicating, converts from living food item to wood smoked long-lasting edible gold.
I will keep T-Bills issued by the Fed in my name in the trading account, and lots of bacon in a large refrigerator. Thick cut, applewood smoked bacon.
Canadians had two choices, deal directly with the US firm or use the Canadian branch of PFG. As I read it, the Canadian branches of PFG and MF were fine because they have regulators and the people (Canadians also) with the US company have "regulators" (wink wink, nudge nudge.)
The regulators in Canada got the MF money back. They likely tightened up the checks and regulations on the remaining companies. They did not announce big headlines and make it look like they were doing something.
Yes, regulators can't catch fraud before it happens, but fraud is less likely to happen if people believe the regulators are good enough to catch them. Right now, the regulators are a joke, and people are angry because of how long PFG was able to keep it going. This went on for a couple years. Also why has Canada been able to protect customers why the U.S. consistently fails to? It's because our regulator are horrible at their job or are too buddy buddy with the people they are suppose to regulate.
I love their awards page http://www.pfgbest.com/about/awards/ :
Among the many awards, there is this gem:
"PFGBEST <...> has won a 2011 Iowa Character Award from Character Counts In Iowa. The achievement honors <...> organizations that consistently demonstrate and promote the six pillars of character: trustworthiness, respect, responsibility, fairness, caring and citizenship."
Among the many awards, there is this gem:
"PFGBEST <...> has won a 2011 Iowa Character Award from Character Counts In Iowa. The achievement honors <...> organizations that consistently demonstrate and promote the six pillars of character: trustworthiness, respect, responsibility, fairness, caring and citizenship."