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Articles Posted in Peregrine Financial Group

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Peregrine Financial Group Customers Were Victims of the “System,” Says CFTC Chairman Gensler

According to Commodity Futures Trading Commission Chairman Gary Gensler, the customers of Peregrine Financial Group, also called PFG Best, were failed by the system, which neglected to protect them. Peregrine’s owner Russell R. Wasendorf Sr. is accused of embezzling close to $220M and defrauding clients. You can read an earlier…

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CFTC Accuses Peregrine Financial Group of Securities Fraud Related to $200M Customer Funds Shortfall

The CFTC is accusing Peregrine Financial Group and its owner Russell R. Wasendorf, Sr. of misappropriating client monies, including statements that were untrue in financial statements submitted to the CFTC, and violating customer fund segregation laws. The Commission filed its securities fraud complaint against the registered futures commission merchant in…

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