The brokerage is not in bankruptcy, it is in receivership / liquidation by the SIPC with consent of the CFTC. We all better hope it stays that way.
If you do that they'll probably forward it to their attorneys. Maybe you would be better served getting someone with power of attorney and going...
Giddens will get his pound of flesh. The longer this takes, the more he makes, see Lehman Brothers: Giddens, in a court filing last month,...
The reporting has been really sloppy throughout this. The equivalent to the Sentinel case is the missing funds, which may need to eventually...
From the previous article: James W. Giddens, the trustee liquidating the MF Global brokerage, froze 150,000 customer accounts on Oct. 31,...
I wonder if JP Morgan was using that as collateral and realized what kind of sh.. they'd be in if they now tried to hold onto it. So collateral...
An MF Global custodial account at JPMorgan contained about $658.8 million of client funds as of Oct. 31, according to one of the people, who...
The secured creditors (or whoever got customer funds) need to ask themselves if they knew or should have known that the funds were the result of a...
It's like someone broke into your home and stole your TV. They get caught and declare bankruptcy. You will still get your TV back if it is found.
Accounts that arenââ¬â¢t transferred will be liquidated in an orderly fashion beginning Monday, Kobak said. (He is a lawyer for the trustee.)...
Dorman Trading COO Confirms Will Receive Bulk Transfer Of MF Accounts http://online.wsj.com/article/BT-CO-20111103-717289.html
http://www.bloomberg.com/news/2011-11-03/mf-global-customer-emc-asks-judge-to-modify-transfer-order-to-allow-cash.html This is what I mentioned...
89% is already available. The CME already has the margin money ($2.5 bill), and will automatically liquidate if they fall under. So no one...
Yes, but you can't take my segregated account and apply the money to another customers deficit. The exchange would have to go directly after the...
The creditors have no rights to the customer funds. The trustee is currently only working on the brokerage (customer fund) side. Customers...
What is a bit unclear is, if you have no positions, what happens. It seems like you would be best off being 100% margined, than they would have...
Here is the link describing the order http://www.reuters.com/article/2011/11/02/mfglobal-hearing-idUSN1E7A11SI20111102 My previous calculation...
Whether or not futures funds are insured, I suspect we will get our money eventually. Right now, per news reports and court filings, the...
If you check the trustee site (http://dm.epiq11.com/MFG/Project/default.aspx) you will find they have a motion pending to basically transfer open...
My broker uses MF Global for clearing. CME suspended all their (MF) trading this am. Anyone else trading through MF? Have you been able to...
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