MF Global Trustee Issues Letters to IBs Threatening to Claw Back Commission Payments Received Within 90 Days of Bankruptcy Filing

The SIPA trustee of collapsed futures broker MF Global, Inc. (“MFGI”) recently issued letters to many IBs asserting that the trustee may file preference actions to recover commission payments made by MFGI to the IBs within 90 days of MFGI’s October 31, 2011 bankruptcy filing. The letter indicates that IBs should contact an attorney in…...

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