PFGBest

PwC Forensic Experts to Determine How Much Money PFGBest Customers Won’t Be Getting Back

The bright side in all this is…oh, let's face it: when your broker's auditor is in jorts, the situation is hopeless: Peregrine Financial Group's bankruptcy trustee has hired a team of forensic accountants to help figure out what remains at the failed futures brokerage after its CEO's arrest and confession to years of stealing from customers. PricewaterhouseCoopers […]

CFTC Chairman Knows PFGBest Auditors Shouldn’t Have Passed GAAS

Gary Gensler, who may or may not be aware that PFGBest's auditor preferred to don jorts at the (home) office, is familiar enough with auditing standards to know there are certain ones that always need to happen: Commodity Futures Trading Commission Chairman Gary Gensler told lawmakers on Wednesday that Peregrine Financial Group's outside auditors should […]

The First Sign of Trouble at PFGBest Might Have Been The Fact That Their Auditor Worked Out of a Living Room

When shopping around for an auditor, a strong, completely legit company might look for such things as prestige or number of years serving capital markets without going all Arthur Andersen on 'em but for belly-up brokerage firm PFGBest, it looks like some chick's house in the Chicago 'burbs was the perfect sort of office space […]