According to the WSJ the investigation into the collapse of
Iowa brokerage firm Peregrine Financial Group is notable for one name that has
not yet turned up: JPMorgan Chase...
JPMorgan, the country's biggest bank, held customer accounts
for Peregrine, doing business as PFGBest. But in alleging that Peregrine took
customer money, the National Futures Association and Commodity Futures Trading
Commission have claimed that customer money is missing not from a JPMorgan
account, but from a U.S. Bank account.
That's news to some Peregrine clients…..
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