Rep. Bruce Braley (IA-01) today released the following statement after the US Commodity Futures Trading Commission announced it had filed a complaint against Peregrine Financial Group of Cedar Falls:
"Like many residents of the Cedar Valley, I was shocked at the seriousness of the allegations levied against Peregrine Financial Group today. My immediate concern is with the Iowa farmers and grain elevators who may be victims of Peregrine's alleged fraud. I'm also deeply concerned about the impact of this situation on the employees of Peregrine and the entire Cedar Valley community. In the days and weeks to come, I'll be closely monitoring the actions of the CFTC and the FBI investigation of Peregrine."