The WSJ reports that the collapse of Peregrine Financial
Group Inc. has prompted new scrutiny of the futures industry's front-line
regulator and triggered plans to change its practices just as the agency
prepares to take on a bigger role in policing derivatives markets.
The National Futures Association, which federal market
authorities rely on to police broker practices and review firms' books, has
come under fire for missing warning signs of a nearly 20-year fraud allegedly
carried out by Peregrine Chief Executive Russell Wasendorf Sr. The alleged
fraud, which authorities say left an estimated $215 million in customer money
missing, has cast a spotlight on…..
Find out more at http://online.wsj.com/article/SB10000872396390443295404577543073997598012.html?mod=WSJ_business_whatsNews
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