In what should not be too much of a shocker to anybody, disgraced Peregrine Financial Services Inc.’s founder Russell Wasendorf Sr. claims to have spent most of the missing clients’ money.  He blames the CFTC for being his “enemy” by fining his firm, and demanding higher capital levels.  Hopefully clients can get some of their...Read More

The disgraceful fall of PFG continues to fully evolve as CEO Russell Wassendorf signed a statement linking his suicide attempt to a fraud that he perpetrating stretching back twenty years.  Where was the CFTC or NFA in regulating this monstrosity, and why would anyone trust commodity futures without some form of SIPC insurance moving forward?...Read More