NFA to #PFGBest Customers: Trustee Working on Statements

#PFGBest Customers

Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.

Stay tuned to our website for more information.

The NFA released a statement on its website updating PFGBest csutomers as to the status of its investigation.  Key points include:

  • Shortfall in customer property at PFGBest 'exceeds' $200 million;
  • 'Almost' all open positions for customers at PFGBest have been liquidated;
  • Trustee Ira Bodenstein is in the process of process of preparing and distributing final statements for customers;
  • It is not clear when the Trustee will be able to release any funds to customers;
  • The Trustee is in the process of setting up a website for customers;
  • NFA has established an email address for PFGBest related inquiries:  pfginquiry@nfa.futures.org;

#MFGlobal Customers

Are you a customer of MF Global? The CCC formally represents more than 200 clients in the bankruptcy process of MF Global on a pro bono basis, and informally represents thousands more in the public domain.

Get the latest news on #MFGlboal.

About John Roe 91 Articles
Co-Founder of the CCC and head of BTR Trading and Roe Capital Management.

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