PFG's quarterly profitability numbers are actually up - a moment of sarcasm

Tuesday, 10/07/2012 | 14:24 GMT by Michael Greenberg
PFG's quarterly profitability numbers are actually up - a moment of sarcasm

Although PFG was put in liquidation-only mode by the NFA which then reported that its "highly effective" brokers supervision mechanism failed to notice that over $200 million in client funds went missing for more than 2 years, its quarterly Forex profitability numbers actually improved in Q2 2012..

Q1 2012 PFG's profitable and non-profitable figures were 28% and 72% respectively. This quarter PFG even managed to update the stats before being raided and the profitable figure shows 32.86%. Of course this is a calculation mistake and the actual figures for profitable and non-profitable are 0% and 100% respectively...

Apparently PFG BEST already knew about its problems otherwise you cannot explain this PFGBEST SpongeBob Coin Set promotion which tells you what kind of coins PFG BEST's clients may expect to get back.. Someone at PFG definitely has a sense of humor.

Although PFG was put in liquidation-only mode by the NFA which then reported that its "highly effective" brokers supervision mechanism failed to notice that over $200 million in client funds went missing for more than 2 years, its quarterly Forex profitability numbers actually improved in Q2 2012..

Q1 2012 PFG's profitable and non-profitable figures were 28% and 72% respectively. This quarter PFG even managed to update the stats before being raided and the profitable figure shows 32.86%. Of course this is a calculation mistake and the actual figures for profitable and non-profitable are 0% and 100% respectively...

Apparently PFG BEST already knew about its problems otherwise you cannot explain this PFGBEST SpongeBob Coin Set promotion which tells you what kind of coins PFG BEST's clients may expect to get back.. Someone at PFG definitely has a sense of humor.

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About the Author: Michael Greenberg
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