Well, I decided to check Fx Street this morning to see what kind of news was written about PFG, and maybe perhaps the LIBOR scandal as well. Two gigantic news events for FX , but it looked like it was business as usual over ther.... No news on this? After owning a brokerage that was the victim, in my opinion of a "witch hunt" by the National Futures Association and the CFTC as well, I know how exacting and exhausting both of these organizations can be a times. Yes, I know its their job, but they pick on the small guys. Then, a firm like PFG comes along, their President sits on the board of the National Futures Association. Maybe THATS's why the mail directed to the bank was getting delivered to his own personal PO box? Something is rotten in Denmark here...
I could go on and on about the regulatory bodies here in the United States, and how they pick on the small guys, but how could they miss this?
Anyway, here's a good article from Seeking Alpha.
Let's face it the NFA dropped the ball, and IGNORED WARNING SIGNS!
No comments:
Post a Comment