Saturday, April 14, 2012

Mf global customer

  • WASHINGTON, April 13 (Reuters) - MF Globals assistant treasurer, now a key figure in the mystery over the bankrupt firms missing customer money, praised how well customer safeguards work one year before the firms collapse.
  • (Huffington Post)
  • Serwinski says she asked colleagues in MF Globals Chicago office about it and they assured her the situation was under control. Regulators werent informed of a shortfall in customer money until Oct. 30.
  • (Yahoo Finance)
  • But federal authorities investigating the MF Global collapse, specifically the disappearance of $1.6 billion in customer funds, have recently had a change of heart, people with direct knowledge of the matter told FOX Business.
  • (South Coast Today)
  • Customer accounts were frozen when MF Global was forced into bankruptcy after revealing exposure to risky European debt.
  • (Reuters)
  • A trustee for MF Global Inc., the failed brokerage, may sue individuals over breach of fiduciary duty and other issues related to the loss of customer funds, the trustee said today in a statement.
  • (Businessweek)
  • He also said he didn't believe anything he said could reasonably have been interpreted as an instruction to misuse customer funds. James Giddens, the trustee unwinding MF Global's brokerage unit, estimates a shortfall of $1.
  • (Bloomberg)
  • CHICAGO (Reuters) - The largest U.S. grain trade group on Thursday said Congress and commodities regulators should adopt its recommendations to protect customer funds and restore market confidence after the collapse of giant broker MF Global.
  • (YAHOO!)
  • Investigators are looking at whether any of MF Globals $175 million transfer to a JPMorgan Chase Co account on October 28, three days before its Chapter 11 filing, represented money from customers.
  • (msnbc.com)
  • As posted on the Commodity Customer Coalition(CCC) Website, the CCC requested tax guidance from the IRS on how to handle missing customer funds from MF Global for tax year 2011 and 2012.
  • (Benzinga)
  • He also said MF Global customers are qualified to object to the payment on the outflow of money until further agreements could be reached by trustees for customer and creditor assets.
  • (Asbury Park Press)

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