"AMP's response to recent news concerning alleged improprieties at PFG"

Discussion in 'Retail Brokers' started by Wallace, Jul 13, 2012.

  1. About a quarter of my clients have their accts at AMP, the rest are at Advantage, Crossland, and Dorman. Both of my accts(my money) are split between AMP(personal acct ) and Advantage(corp acct).




    *** Thought you might want to get a glimpse of this below... seems there are more brokers/clearing agents that have failed to properly segregate funds. This rampant negligence is a ticking time bomb if the CFTC doesn't get more aggressive on increasing the frequency of audits on these companies.

    http://www.reuters.com/article/2012/03/13/us-mbfclearing-cftc-lawsuit-idUSBRE82C16W20120313
     
    #31     Jul 16, 2012