Tuesday, 10 July 2012

BBC News - PFG's accounts frozen after founder attempts suicide

A US regulator has frozen the accounts of US futures brokerage Peregrine Financial Group (PFG) following the attempted suicide of its chairman.

The National Futures Association said it was worried PFG did not have enough money to meet obligations to clients.

Chairman Russell Wasendorf Sr was found in his car near its Iowa headquarters.

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