Vision to take over PFG accounts
Daniel P. Collins
October 08, 2012
An agreement has been reached between Vision Financial Markets and the trustee for Peregrine Financial Group, pending court approval, that will bulk transfer up to $123 million that was part of the trustee’s planned interim distribution to Vision along with customer accounts qualifying for that distribution.
Vision has agreed to pay the trustee $325,000 for the bulk transfer according to a statement on the trustee’s web site. The trustee will submit a proposed order to the Bankruptcy Court on Oct. 5, to authorize the bulk transfer.
> Read the full article on the Futures Mag website.