US broker PFGBest freezes funds after ... - Forex Factory

This is what's happening with the PFG Bankruptcy. When you trade Forex you risk everything and it has nothing to do with your skill! The court seems to be treating the Forex customers as a "right off" even though the money stolen came from the futures area. The CFTC are crooks in my mind! They are the reason this happened after 20 years. Attention PFG FX and Metals Account Holders, We are ... commodity broker bankruptcy case. The Trustee hopes that this letter will clear up some of the misconceptions, confusion and outright distortions reflected in the communications that we have received. The Trustee has not forgotten the forex and metals customers. He has not taken any action that is detrimental or prejudicial to the claims of or potential distributions to forex and metals ... Some interesting news out of the PFG bankruptcy case, with the court approving a settlement offer of 30 cents on the dollar from the trustee to a single forex customer, which in turn opens the offer up for any and all FX customers. The legalese: Attention PFG FX and Metals Account Holders, We are contacting you as fellow Peregrine Financial Group, Inc. (PFG) Forex and Metals account holders. We would like to share information with you that directly impacts all Forex and Metals accounts during the current PFG bankruptcy proceedings. The following information pertains to the perilous ... As of March 15, 2020, PFG trustee Ira Bodenstien has been authorized by the Bankruptcy Court to distribute 72.16% of PFG customers allowed 4d customer claims. (full doc here). Per our calculations, that comes out to another 9.16% of each former PFG customer’s allowed 4d Claim, with the Trustee having mailed out checks beginning on May 15, 2020. DISTRICT COURT FOREX JUDGMENTS UPHELD ON APPEAL. On August 7, 2017, the United States Court of Appeals for the Seventh Circuit affirmed rulings by the United States District Court and the United States Bankruptcy Court in favor of Ira Bodenstein, chapter 7 trustee of the Peregrine Financial Group, Inc. (“PFG”) bankruptcy estate, relating to the treatment of claims by customers who held ... On July 10, 2012 (the "Petition Date"), Peregrine Financial Group, Inc. dba PFG Best (the "Debtor") filed a voluntary petition in the United States Bankruptcy Court for the Northern District of Illinois (the "Bankruptcy Court") seeking relief under Chapter 7 of the United States Bankruptcy Code. Ira Bodenstein has been appointed as the Chapter 7 Trustee of the Debtor's estate. This website was ...

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