Pfgbest Regulator Orders Review Of Audit Division

(Reuters) - The National Futures Association said it will conduct a review of its audit division as it seeks to answer fierce criticism that it missed two decades of fraud at failed Iowa brokerage Peregrine Financial Group.

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  • INSIGHT-PFGBest regulator known for inexperienced auditors
    The regulator, which oversees mostly smaller, independent futures operations, has little turnover at the top, and an army of young auditors with a lack of real-world work experience before they come to the NFA. "When they come in and do an audit ...
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