WASHINGTON: US futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according to a person familiar with the matter.
Experts said the use of such an auditor should have been a red flag to regulators of a futures brokerage with more than US$500mil in assets and several hundred employees across the United States as well as in Shanghai and Canada.
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