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RELEASE: pr5311-07

  • Release: 5311-07

    For Release: March 29, 2007

    Notice To Customers of Forefront Investments Corp. D/B/A/ CFG Trader

    Washington, D.C. – On March 27, 2007, the United States District Court ordered the appointment of Bruce Matson, of LeClair Ryan, PC, as temporary receiver of Forefront Investments corp. d/b/a/ CFG Trader. The Receiver is tasked with marshalling, preserving, and managing assets as well as performing all acts necessary to protect against loss, damage or injury to CFG Traders’ customers. Mr. Matson has taken exclusive custody and control of all of CFG Traders’ assets and liabilities, including customer accounts.

    Several futures commission merchants have contacted Mr. Matson to discuss a potential sale and transfer of the customer accounts. Mr. Matson is currently reviewing the viability of a sale, the terms of the offers and what offer, if any, would mitigate any customer losses.

    To date, the Receiver has not made any decisions to sell or transfer customer accounts to any futures commission merchant but will act expeditiously. As the Receiver, Mr. Matson will notify CFG Trader customers when he makes a decision regarding the sale.

    All customer inquiries should be directed to the Receiver, Bruce Matson at LeClair Ryan, P.C. at (804) 343-4090.

    Prior Press Release: 5310-07

    Receiver Contact:
    Bruce Matson, Esq.
    LeClair Ryan, A Professional Corporation
    951 East Byrd Street, 8th Floor
    Richmond, Virginia 23219

    Media Contacts
    Ianthe Zabel

    R. David Gary

    Last Updated: July 25, 2007