Liquidation

Here is the latest message I got from PFGBest.  In past times of broker failure, open positions were simply transferred to a new broker.  Not this time.

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Tuesday, July 10, 2012
As referenced in a customer email sent on Monday, July 9, NFA and other officials have put all PFGBEST customer funds on hold.

PFGBEST's clearing FCM will liquidate all open positions still held by PFGBEST customers. Please note that the liquidation may not be reflected on BESTDirect platforms when you logon on Tuesday.

We will update you as any new procedures are stipulated and with any further information as it becomes available.