Liquidation Proceeding for MF Global by Securities Investor Protection Corp

'LIQUIDATION PROCEEDING FOR MF GLOBAL INC. UNDERTAKEN BY
SECURITIES INVESTOR PROTECTION CORPORATION'

'SIPC Taking Action to Protect Customer Assets; Giddens Appointed by Court
as Trustee'
"WASHINGTON, D.C. – October 31, 2011 - The Securities Investor Protection
Corporation (SIPC), which maintains a special reserve fund authorized by
Congress to help investors at failed brokerage firms, announced today that it is
initiating the liquidation of MF Global Inc., under the Securities Investor Protection Act (SIPA).
SIPC today filed an application with the United States District Court for the
Southern District of New York for a declaration that the customers of MF Global
Inc. are in need of the protections available under the SIPA."

'ABOUT SIPC'
"The Securities Investor Protection Corporation is the U.S. investor's first line of
defense in the event a brokerage firm fails, owing customers cash and securities
that are missing from customer accounts. SIPC either acts as trustee or works
with an independent court-appointed trustee in a brokerage insolvency case to
recover funds.
The statute that created SIPC provides that customers of a failed brokerage firm
receive all non-negotiable securities - such as stocks or bonds -- that are already
registered in their names or in the process of being registered. At the same time,
funds from the SIPC reserve are available to satisfy the remaining claims for
customer cash and/or securities custodied with the broker for up to a maximum
of $500,000 per customer. This figure includes a maximum of $250,000 on
claims for cash. From the time Congress created it in 1970 through December
2010, SIPC has advanced $ 1.6 billion in order to make possible the recovery of
$ 109.3 billion in assets for an estimated 739,000 investors.
http://www.sipc.org/media/release31Oct11.cfm



on a side note, AMP Futures sent clients an email yesterday I should have kept
and posted that stated - IF I remember correctly:
1: they have no relationship with MF Global, 2: don't trade for themselves
3: don't trade on behalf of clients, 4: act only as a broker