MF Brokerage Shortfall Totals $633 Million, CFTC Says in Letter

Nov. 2 (Bloomberg) -- MF Global Inc.’s segregated funds have a shortfall of $633 million, the U.S. Commodity Futures Trading Commission said in a letter.

The shortfall is 12 percent of the required $5.45 billion in customer accounts, according to the letter, which is addressed to the Chicago Mercantile Exchange’s managing director of risk managment.

To contact the reporter on this story: Matthew Leising in New York at mleising@bloomberg.net

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