1) Well, I called my broker this morning and he told me that Canadian clients' funds are in a Canadian bank and that the money IS all there, so not to worry about the money. Do I believe him? I believe that he probably believes himself. He also reminded me that Canadian futures brokerages (even if they're just smaller branches of American brokerages) are still required by Canadian law to be insured by the CIPF (Canadian Investors Protection Fund). This IS specifically for futures. So if a brokerage firm goes bankrupt, their retail Canadian clients can (in theory anyway) get up to 1 million dollars of their funds back.

2) THEN, I got this email, cut-pasted below:

"Tuesday, July 10, 2012

As referenced in a customer email sent on Monday, July 9, NFA and other officials have put all PFGBEST customer funds on hold.

PFGBEST's clearing FCM will liquidate all open positions still held by PFGBEST customers. Please note that the liquidation may not be reflected on BESTDirect platforms when you logon on Tuesday.

We will update you as any new procedures are stipulated and with any further information as it becomes available."

So all day I'm wondering if and when they've liquidated me, and at what prices and I called broker again who says that nothing is for sure.

3) THEN I get this email from my broker's office

"Due to the current circumstances surrounding PFGBest, PFGC has been given permission and ultimately assistance by IIROC to bulk transfer all accounts to a new Investment Dealer.  Jefferies, our current clearing firm, and the NFA have both confirmed that the liquidation order and the freezing of funds DOES NOT APPLY to PFG Canada.  Once your account is transferred you will be able to move it to a firm of your choice if you wish to do so.  Updates will follow as new information becomes available.

PFG Canada Inc."

So I called him AGAIN to ask to which "New Investment Dealer" will my account will be transferred? when will I know? and since I have no way to see what's now in my account, how sure can I really be that nothing's been done to it? And what if I want to trade? What if I want to put in a stop-loss strategy? And how can I do that if I can't be sure whether I even have open positions? He really had no answers.

I suggested that it might save him some time if he sent out more emails rather than trying to tell everybody one at a time, the same thing as we all call in. I'll call him again tomorrow morning.

So for me, personally, it could be a lot worse. I feel badly for their US clients.

.....Susan