Amount:
From:
To:
Result:
Find the Latest Exchange Rates for any currency:
FXproTec Universal Currency Converter is easy to use - Just input the desired "Amount", select a currency "From" (the currency you have) & "To" (the currency you want) drop-down menus and that's it - the Exchange Rate is shown automatically under "Result"
The FXproTec Universal Currency Converter's data is continuously Updated throughout the day - so you always have a benefit of the latest exchange rates.
The Currency Converter provides rates for All the World's major and exotic currencies that we just could think of.
The Currency Converter is accurate up to the fourth digit after the point (see FAQs for more)

PFGBest Reviews & Ratings


 


Welcome to FXproTec

Tags: Best Forex | Universal Currency Converter | Dollar Rates | Exchange Rates | Live Forex Rates | List of US Forex Brokers | Free Forex | Free Forex Trading Education | Free Forex Education | Trading Forex | Forex Brokers Review | Forex Systems | Best Trading Forex Books | Hedging Forex Trades | Technical Analysis | Fundamental Analysis | Forex Forecast | Forex Trends | US Dollar News |

pfgbest

PFGBest – pfgbest.com reviews and ratings.
Do you have an experience with PFGBest (Peregrine Financial Group)? Please share it here and post a review.

The intelligent choice of a broker/dealer is extremely important. Everybody should evaluate independently the broker’s credentials and performance.

CHICAGO, July 11 (Reuters) – The largest U.S. grain trade group was stunned by the latest scandal to hit the futures industry when Iowa-based brokerage PFGBest collapsed after regulators accused the firm of misappropriating customer funds.

Peregrine Financial Group, PFGBest’s regulated unit, filed for bankruptcy on Tuesday in Chicago after regulators accused it of misappropriating customer funds for more than two years.

The Commodity Futures Trading Commission (CFTC), which along with industry regulators had given a clean bill of health to dozens of brokers following spot checks in January, alleged that Peregrine Financial Group and its owner, Russell Wasendorf Sr, had defrauded customers and lied to regulators in order to hide a shortfall that now exceeds $200 million.

PFGBest was not a clearing member of a futures exchange like the CME Group, so oversight for its activity fell to the CFTC and the National Futures Association, a self-regulator for the trillion dollar derivatives markets.

Russell Wasendorf Sr, PFGBest’s founder and chairman, intercepted confidential regulatory documents that were mailed by the NFA to what it believed was U.S. Bank, a person close to the situation told Reuters on Tuesday. Wasendorf forged signatures and fabricated bank balances on the documents and simply mailed them back to Chicago-based NFA, the person said. The scheme apparently began to unravel as the NFA shifted to electronic confirmations.

The CFTC complaint, which relies on many of the details released on Monday by the NFA, the broker’s main regulator, said the bank account that PFG reported was holding $225 million in 1,845 customer accounts actually contained less than $10 million.

PFGBest’s clearing firm, Jefferies & Co, said on Tuesday it had liquidated accounts of PFGBest starting on Monday when the firm missed a margin call, or a request for more funds to hold trading positions.
 


Total Ratings: 86
 
Average Rating: N/A out of 5.0 stars
 
Rated N/A out of the 14 U.S. Forex Dealers
 
Last Review: May 30, 2012


 
PFGBest Reviews and Ratings
 


Today US Dollar and Economic News

Best Forex Trading Book

US Forex Brokers

Recommended Forex Broker

TESTIMONIAL

“Right on target. I highly recommend this site. After reading material here for an hour I could understand more about how currency trading works than I did after reading forums for several month and taking "promotional" courses from the major forex broker.”
currency trading -R. Thompson