Another non-perfrorming federal financial agency headed up by Obama's Jews:
CHICAGO — A U.S. futures industry regulator is falling short in its attempt to keep tabs on brokers and asset managers, more than a year after the collapse of one brokerage under its oversight that cost clients hundreds of millions of dollars, according to one of the regulator's directors.
The NFA, which is based in Chicago and funded by industry fees, has long operated in relative obscurity, overshadowed by better-known market regulators like the Commodity Futures Trading Commission.
That changed last year after brokerage Peregrine Financial Group, known as PFG, failed due to a 20-year fraud that the company's founder perpetrated despite yearly audits by the NFA.
"If you feel (like I do) that the NFA isn't doing all that it could (that someone should be fired over PFG ... Review processes are a mess. That the teams that come in and audit your IB are dangerously inexperienced...) please let those thoughts be known," NFA board member Malec wrote in an August 5 email.
NFA President Dan Roth declined to comment on the email. NFA Chairman Chris Hehmeyer said the association had implemented a number of improvements since Peregrine's collapse.
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