Economy

Roland99

(53,345 posts)

52. $200 Million shortfall

Tue Jul 10, 2012, 11:15 AM

Jul 2012

CFTC Finally Gets The Memo: Regulator Sues PFG, Says Firm Has $200 Million Customer Fund Shortfall
http://www.zerohedge.com/news/cftc-finally-gets-memo-regulator-sues-pfg-says-firm-has-200-million-customer-fund-shortfall

MF Global 2 is now official. At least one can never accuse ex-Goldmanite, and current head of the CFTC Gary Gensler, as being behind the curve:

U.S. COMMODITIES REGULATOR SUES PEREGRINE FINANCIAL GROUP
FIRM HAS $200 MILLION CUSTOMER FUND `SHORTFALL', CFTC SAYS
CFTC LAWSUIT FILED ONE DAY AFTER FIRM ANNOUNCES NFA PROBE

Hopefully, the CFTC's now meaningless action will help all those farmers whose money has just vaporized. Luckily, they can make it all up on record corn profits.

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Highlight:

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another 'MF Global' - Brokerage PFG Best DemReadingDU Jul 2012 #28

$200 Million shortfall Roland99 Jul 2012 #52

Tuesday...has a few of the same letters as Taurus Roland99 Jul 2012 #29

more like Tansy_Gold Jul 2012 #32

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All it takes is one bad headline and then things will get skittish Roland99 Jul 2012 #46

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nice one...reminds me of troll trees I saw in the Bellagio once. Roland99 Jul 2012 #68