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StephanieVanbryce

07/11/12 1:56 AM

#179128 RE: F6 #179127

I read an article the other day .. I wish I had saved it .. it was about how 'our financial world' needed to be smaller .... and reading all these headlines for the past what? three four weeks? (not forgetting since 2008 and before ) .. that information is correct ..

. .damn, a couple of weeks ago .. one guy, trader or whatever he was .. took a pill and died right after his guilty verdict . I think in England .. .and then I guess you already knew about this one .. I just read this .. . sheesh!

Iowa broker PFGBest collapses after hiding millions

(Reuters) - The U.S. futures industry reeled on Tuesday as Iowa-based broker PFGBest collapsed after regulators accused it of misappropriating customer funds for more than two years, dealing a new blow to trader trust just months after MF Global's demise.

there's more
http://www.reuters.com/article/2012/07/11/us-broker-pfgbest-document-idUSBRE8691F520120711
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StephanieVanbryce

07/11/12 2:00 AM

#179129 RE: F6 #179127

a large part of his severance package was in effect already earned, reflecting/carrying over such
as he already had in his previous contract/from his earlier service


That's an excellent point F6. And the sad thing is the way it's been framed has now given this man a somewhat tarnished reputation ..