Analysis: For brokers like Peregrine, from bad times to worse
Including Peregrine, independent brokers held segregated funds totaling about $ 13.4 billion as of May, about 9.5 percent of total U.S. seg funds, according to a Reuters analysis of Commodity Futures Trading Commission (CFTC) data. A year ago, just …
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Ex-Donald Broker Sentenced to 1 Year for Stock Scheme
A broker for the now-defunct Donald & Co. Securities Inc. was sentenced in a Central Islip, New York, court to a year and a day in prison for his role in a stock-fraud scheme, according to a spokesman for federal prosecutors. Slava Volman had pleaded …
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Gold Subject to "High Emotions in Quiet Market", Retail Investors Could Lose …
"The whereabouts of the funds is currently unknown," said a complaint from the Commodity Futures Trading Commission, which says the brokerage's owner, who is reported to have attempted suicide, lied to regulators to cover a shortfall of more than $ 200 …
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Oil Drops From Highest Closing Price; Gold Futures Drop For Second Day
Oil dropped from the highest closing price in two days in New York after an industry report showed crude stockpiles increased for the first time in four weeks in the U.S., the world's biggest consumer of the commodity. Futures slid as much as 0.6 …
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