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Peregrine Sued by CFTC, Investigated After Suicide Try

Peregrine Financial Group Inc., a futures brokerage, is being probed by the Federal Bureau of Investigation and sued by a commodities regulator in the wake of a suicide attempt by the firm founder Russell Wasendorf Sr.

Peregrine has a $200 million “shortfall” in customer funds, according to a Commodity Futures Trading Commission complaint filed today in federal court in Chicago.