In re: Peregrine Financial Group, Inc.

Dist. Ct. did not err in affirming Bankruptcy Ct.’s order finding that claims made by creditors who had executed retail foreign currency and spot metal transactions with debtor (future commissions merchant) were not entitled to same priority given to claims qualifying as “customer property,” which are entitled to priority over all other claims. Bankruptcy Ct. could properly conclude that foreign currency and spot metal transaction did not constitute “commodity contracts” for purposes of including said transactions into customer property category.