DOL Probes Peregrine's Retirement Plan After Collapse

Law360, New York (August 1, 2012, 2:04 PM EDT) -- The U.S. Department of Labor has opened an investigation into Peregrine Financial Group Inc.'s employee retirement plan, heaping more regulatory scrutiny on the collapsed futures firm and its alleged theft of some $200 million in customer funds, Peregrine's bankruptcy trustee said on Wednesday.

Peregrine trustee Ira Bodenstein disclosed the probe during a Senate hearing on the recent failure of the firm and the October implosion of MF Global Inc. He did not give details on the investigation and a spokesman for the Labor Department declined to...
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