Our commitment is that PCU is and should be accountable and transparent in everything it does. 

While court-appointed Liquidator Ernst & Young Inc. (EY) is responsible for the active closing of Pace Securities Corp., PCU and our new leadership team feel we must also do our part to support our members and employees. The wind-up decision was carefully considered over a number of months prior to the announcement; we recognize it is a complex and time-consuming effort but, overall, is moving ahead.

While we look to the future, we want to learn from the mistakes of the past – and ensure they do not happen again. We are committed to making the changes our members expect and deserve as outlined in our Four-Point Action Plan.