MF Global: US Update As Of November 9, 2011 - SIPC Trustee Announces Transfer Of Additional Commodity Accounts.

Mondaq Business BriefingNbr. 2011, January 2011

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Summary


Securities Investor Protection Corp. - MF Global Finance USA Inc.

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Extract


MF Global: US Update As Of November 9, 2011 - SIPC Trustee Announces Transfer Of Additional Commodity Accounts.

On November 7, 2011, the SIPC Trustee (the "Trustee") announced that MF Global Inc. ("MFGI") commodity customer accounts that had not yet been transferred by the Trustee can now be transferred provided that the account holder finds a Futures Commission Merchant (an "FCM") willing to accept a transfer of the positions in the account without collateral. ...

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