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Wednesday
Jan082014

PFGBest - Will Clients Recover Any Funds?

DateJanuary 8, 2014 at 5:59 PM

(QQQ)(SPY)(DIA)(GS)(MS)

PFGBest Town Hall Meeting w/ James Koutoulas

 

As you know, the PFGBest (Peregrine Financial) debacle has left many investors and traders devastated. After $1.6 billion of client funds "vanished" at MF Global, regulators boldly promised the investing public... "Never again". While many of the clients were sophisticated investors and hedge funds, a vast majoirty of PFG clients were Main Street traders, not Wall Street predators.

 

Town Hall Registration - https://www1.gotomeeting.com/register/966685016 

Small business owners across the country who earned their living trading Emini Futures including the S&P500, Dow, Nasdaq and the Russell, along with Crude, Gold, Grains and Currencies suddenly found themselves "out of business". This was a shake up and a wake up call, the likes of which the National Futures Association (NFA) and futures traders themselves had never before experienced.

 

Despite promises of a return to market integrity, and the infamous "Never again" statement, lightening did strike twice. While the back-stories are quite different, the chilling fact remains - an additional $200 million of customer funds are quite possibly, also gone for good. 

 

Take The Money And Run

In a separate case, the CEO of PFGBest appears not to have made a "bad bet" with client funds as was the case with John Corzine at MF Global. The Peregrine Financial (PFG) case appears to be good old fashioned greed. In other words... he stole the money. Now as the song goes you're supposed to "take the money and run". Somehow, Russell Wasendorf Sr. forgot to run. 

 

So the money, is it really gone? One man, a modern day David vs. Goliath - Attorney James Koutoulas, first interviewed by CFRN in 2012, is waging an often lonely battle as he seeks justice for both . The original interview can be heard by clicking the headphones above.

 

 

James Koutoulas Attorney for PFGBest and MF Global clients

James Koutoulas

TOWN HALL MEETING


CFRN is sponsoring a Town Hall style meeting this coming Wednesday in search of answers. Our guest speaker is Mr. James Koutoulas, attorney for thousands of MF Global and PFGBest clients. Mr. Koutoulas is also co-founder of the Commodity Customer Coalition (CCC).

 

Not only is Mr. Koutoulas the most qualified person to answer questions regarding the possible return of client funds, at this point he appears to BE the answer.

 

You are cordially invited to attend and participate in this Town Hall style discussion. Seating is extremely limited so please reserve your seat immediately upon receipt of this invitation.

 

Town Hall Meeting w/ James Koutoulas

Topic: PFGBest Client Funds Recovery

Date: Wednesday January 15, 2014

Time: 3:00pm Eastern

https://www1.gotomeeting.com/register/966685016

 

Trading's Not Easy - But It Can Be Simple!

 

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Call us toll free @ 866-928-3310 during normal business hours.

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Original Interview July 2012

AuthorEditor | CommentPost a Comment | Reference9 References | |
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