Pinnacel Financial Group - PFG Inc

Founded in 1992 by Russell Wasendorf Sr., Peregrine Financial Group Inc. (PFG), also known as PFG-Best, was a futures commission merchant (FCM) offering trading in futures, options, foreign exchange (forex), and metals for retail and institutional clients. The firm grew to be one of the largest non-bank FCMs in the United States, known for its trading platforms and services. Its operations came to an abrupt end in July 2012 when a multi-year, $200 million fraud orchestrated by its founder was discovered, leading to the company's immediate bankruptcy and Wasendorf's imprisonment.