As you aware, PFG filed for liquidation in a U.S. bankruptcy court in Chicago and the U.S. Trustee appointed Ira Bodenstein to act as trustee for PFG and its assets, including customer property. On July 13, the bankruptcy court authorized the trustee to continue to operate PFG's business for a limited time in order to (among other things) prepare and distribute final customer statements, and record transactions related to customer accounts. It likely will take several days for the trustee, working with the remaining PFG employees that he has been authorized by the bankruptcy court to employ, to complete that process. At this time, it is not clear when the trustee will be authorized to release any funds to customers.
In addition, the trustee has established a website www.PFGChapter7.com that contains information about the PFG case. The website was created to assist the trustee in providing information to customers and to receive comments or questions from customers.
