CFTC and MF Global Trustee: Firm Assets to Reduce Customer Seg Shortfall

The MF Global trustee, James Giddens, estimates a $1.2B shortfall in domestic customer segregated funds, and a further shortfall of $800M of foreign secured funds exists unless and until foreign jurisdictions allow that money to be returned by foreign MF Global affiliates to the US broker.  However, the CFTC and Giddens take the position that…...

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