Bloomberg News

CFTC Supports Mf Global Trustee’s Transfer of Accounts

November 02, 2011

Nov. 2 (Bloomberg) -- The Commodity Futures Trading Commission supports a request by the trustee liquidating broker- dealer MF Global Inc. to transfer its accounts.

“Liquidation of customer positions in connection with the bankruptcy of large commodity brokers such as MFGI also poses high risk of disruption of markets,” the CFTC said in court papers made public today in Manhattan federal court.

The regulator said the accounts will be liquidated if not transferred.

To contact the reporter on this story: Tiffany Kary in New York at tkary@bloomberg.net

To contact the editor responsible for this story: David E. Rovella at drovella@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus