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Regulators Failed Peregrine Investors, CFTC Chief Tells Sens.

By Keith Goldberg ( July 17, 2012, 2:23 PM EDT) -- Commodity and futures regulators failed customers of Peregrine Financial Group Inc., which unraveled earlier this month amid a $200 million shortfall and a $100 million embezzlement scheme carried out by the firm's founder, the industry's top U.S. regulator told a Senate panel Tuesday....

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