Friday, December 16, 2011

MF Global: About 72% of Assets Transferred

As of Thursday, Dec. 15th, about 72% of client assets have been transferred to clients.  Over time, we expect that more assets will be transferred.  We believe that ultimately, efforts will be made to make clients "whole."

Please let us know about your MF Global client transfers.

Here is an excerpt from an article about this transfer:

A U.S. bankruptcy court judge on Friday approved a $2.2 billion bulk transfer that would bring the recovery of nearly all U.S. commodities customers of fallen brokerage MF Global to about 72 percent of their accounts.

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