Exclusive: U.S. probing failed broker PFGBest's use of small auditor (chicago style)

Chicago Tribune ^ | 7-12-12 | Sarah N. Lynch and Nick Carey

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U.S. 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 $500 million in assets and several hundred employees across the United States as well as in Shanghai and Canada

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There is a pic of the "office" of the "auditor" at the site.

H/T to Ann Barnhardt

http://barnhardt.biz/

[RightWingNut]

Should have used Arthur Andersen. They have expert auditors. Such clients as : DeLorean Motor Company,
Willie Nelson, Enron.
AA is the audit experts !!!!

Oh, wait a minute. They collapsed and went out of business.

Never mind !!