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Peregrine Financial Group, Inc. is a privately-held commodities brokerage firm, with headquarters in Chicago, Illinois, with an additional office in Cedar Rapids, Iowa. (The firm's Iowa address is One Peregrine Way)
Peregrine Financial Group, Inc. was founded in 1980 as Wasendorf & Son, Inc. In 1990 the firm became Peregrine Financial Group and opened a Chicago office, later making Chicago the firm's de facto headquarters.
Peregrine Financial Group, Inc. is a non?clearing futures commission merchant company that provides online trading platforms, manages institutional trading accounts, professional forex services, market research through its PFGBEST platform. Peregrine Financial Group's trading services focus on futures, foreign exchange, options, securities and precious metals. Peregrine Financial Group's business model relies heavily on a nationwide network of over 100 firms who act as "finders" - known as Guaranteed Introducing Brokers - who solicit new funds from new investors and funnel them to Peregrine Financial Group in exchange for commissions, or "finder's fees."
Peregrine Financial Group, Inc. has been the series of multiple complains and alleging unauthorized trades and misuse of client funds, as well as failure to supervise these third party Introducing Brokers, and failing to file accurate annual reports regarding these Introducing Brokers, some of whom had unclean securities disciplinary records.
After a series of growing client complaints about missing funds, unauthorized funds, and a suicide attempt by its Founder and CEO, Russell R. Wasendorf, Sr., in July 2012, Peregrine Financial Group, Inc. assets were seized and frozen by federal regulators. On July 10, 2012, Peregrine Financial Group filed a petition for Chapter 7 liquidation Bankruptcy Court.
| Year Founded: | 1990 |
| Formerly Named: | Wasendorf & Son, Inc. |
| Fiscal Year End: | 12/31 |
| 1YR Employee Growth Rate: | View % |
| City: | Chicago |
| State/Province: | Illinois |
| Country: | United States |
| Phone: | View |
| Website: | www.pfgbest.com |
| Subsidiaries: | American National Trading Corporation BEST Direct Securities, LLC |
| Brands: | BestDirect PFGBest |
| Founders: | Russell R. Wasendorf, Sr. |
| Financial > Trading & Brokerage |
| Financial > Other Financial |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Export All Peregrine Financial Group, Inc. Financials To Excel
$99 Single Company AccessInstant Full Site-Wide Access| Income Statement1 | 2011 | 2010 | 2009 |
| Cost of Goods Sold (Cost of Sales) | View | View | View |
| Gross Profit | View | View | View |
| Total Operating Expenses | View | View | View |
| Net Income (Loss) | View | View | View |
| BestDirect LLC Revenue2 | View | View | View |
| Balance Sheet | 2011 | 2010 | 2009 |
| Cash and Cash Equivalents | View | View | View |
| Property, Plant and Equipment | View | View | |
| Other Non-Current Assets | View | View | View |
| Total Assets | View | View | View |
| Total Liabilities | View | View | View |
| Stockholders Equity | View | View | View |
| Employee Figures | 2011 | 2010 | 2009 |
| Total Employees3 | View | View |
| Financial Notes: | |
| * | Peregrine Financial Group, Inc. fiscal year end: 12/31 |
| 1 | Financials are BESTDirect... read more. |
| 2 | Revenues are for Peregrine Financial... read more. |
| 3 | Employee figures... read more. |
Export All Peregrine Financial Group, Inc. Financials To Excel
$99 Single Company AccessInstant Full Site-Wide AccessPeregrine Financial Group, Inc. Cost of Goods Sold (Cost of Sales) ($): |
Peregrine Financial Group, Inc. Gross Profit ($): |
Peregrine Financial Group, Inc. Total Operating Expenses ($): |
Peregrine Financial Group, Inc. Net Income (Loss) ($): |
Peregrine Financial Group, Inc. BestDirect LLC Revenue ($): |
Peregrine Financial Group, Inc. Cash and Cash Equivalents ($): |
Peregrine Financial Group, Inc. Property, Plant and Equipment ($): |
Peregrine Financial Group, Inc. Other Non-Current Assets ($): |
Peregrine Financial Group, Inc. Total Assets ($): |
Peregrine Financial Group, Inc. Total Liabilities ($): |
Peregrine Financial Group, Inc. Stockholders Equity ($): |
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Export Financials to Excel
$99 Single Company AccessInstant Full Site-Wide Access| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Aug. 2007 | Completed | View1 | View | Acquisition | View |
| Details | May. 2009 | Completed | View | View | Acquisition Sec 363 Bankruptcy Sale | View |
| 1 | American National Trading...Read More → |
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$99 Single Company AccessInstant Full Site-Wide Access| Type | Date Entered | Date Exited | Assets | Liabilities | |
| Details | View | Jul. 2012 | View | View | View |
$99 Single Company AccessInstant Full Site-Wide AccessPeregrine Financial Group: Business Overview
Peregrine Financial Group operates as a broker-dealer through its wholly owned SEC-registered broker-dealer subsidiary, BESTDirect Securities, LLC, a provider of multiple asset classes and brokerage services. Peregrine is one of the largest non-clearing U.S. futures commission merchants. As a non-clearing brokerage, Peregrine outsources trade clearing to privately-held Sterne Agee, a member of the New York Stock Exchange ("NYSE"), and Sterne Agee holds all of Peregrines trading accounts and clears its trades.
As an SEC-registered broker-dealer Peregrine?s operations involve entering into financial transactions on the behalf of clients to take on market and credit risk. It is also Peregrine?s responsibility to monitor customer portfolios and report on party risk. Furthermore, its is Peregrine?s responsibility to determine the creditworthiness of parties involved in transactions through Peregrine. Peregrine acts as an intermediary between… Continue Reading →
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