Daily Press 2012-07-10: NEW YORK/CHICAGO (Reuters) – Less than nine months after MF Global‘s collapse sent shockwaves through U.S. futures brokerages, news that more than half the customer funds at Iowa-based PFGBest are missing is threatening to shatter the fragile confidence in the industry. PFGBest on Monday told its foreign exchange and commodities customers that their accounts had been frozen after an apparent suicide attempt by its chairman. A few hours later, an industry body said about $220 million in customer funds were not in the brokerage’s bank accounts. Securities Companies and Corporations Financial Markets Mutual Fundsmore »

Courtesy of http://article.wn.com/view/2012/07/10/MF_Global_redux_as_regulator_says_PFGBest_client_funds_missi/