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Scramble for failed Panama brokerage

Wednesday, January 13, 2016

Account holders at stockbrokers Financial Pacific will receive 72 percent of the value of their accounts due to shortfalls at the failed firm.

The amount recovered from the brokerage house was $15.1 million, while the amount owed to customers is $21 million. Because of the $5.9 million shortfall, the account holders will only receive a percentage of the amount they are owed.

Source: La Prensa