And even with that review in January, Peregrine Financial Group was given a clean bill of health.

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Fast forward to today, less than nine months later, another Chicago-based firm, Peregrine Financial Group (PFGBest), is facing similar allegations.

FORBES: This Investor Dodged The MF Global Bomb But Is Getting Burned By Peregrine

Wednesday is the one-year anniversary of the collapse of MF Global, and several months after MF Global blew up, Peregrine Financial Group went bankrupt after its founder admitted to stealing customer funds.

FORBES: Industry Working To Increase Customer Protection; More Can Be Done - FIA Panel