Currently viewing the category: "Regulatory Notices"

MF Global Inc. Trustee Announces Agreement with JPMorgan Chase Bank

On March 19, 2013 - 11:43 AM By

MF Global Inc. Trustee  Announces  Agreement with JPMorgan Chase Bank Excerpt: “James W. Giddens, Trustee for the Securities Investor Protection Act (SIPA) liquidation of MF Global Inc. (MFGI), today announced a settlement agreement with JPMorgan Chase Bank N.A., pursuant to which JPMorgan will pay $100 million to be made available for distribution to former customers [...]

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Judge Approves Payout to MF Global Customers

On January 31, 2013 - 11:50 AM By

A bankruptcy court judge approved a broad settlement deal on Thursday that paves the way for MF Global customers to recover much of the $1.6 billion that disappeared when the brokerage firm blew up in 2011. In a pair of orders, Judge Martin Glenn blessed a recent deal struck among MF Global’s bankruptcy trustees and [...]

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MF Global Customers to Get Increased Payments

On January 14, 2013 - 10:19 AM By

Customers of MF Global Holdings Ltd. will get a significant chunk of money back in coming months, according to projections made by a trustee in a court filing made public late Thursday. Trustee James Giddens, who represents customers of the failed firm’s brokerage unit, said MF Global customers in the U.S. who invested on domestic [...]

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A year after MF Global failure

On October 30, 2012 - 11:08 AM By

A year after MF Global failure, customers safer than before collapse By Terrence A. Duffy - October 30, 2012 For more than 160 years, no customer had ever lost a penny as the result of default by a futures industry clearing member.  MF Global’s failure last October, followed by fraud at PFGBest nine months later, shattered [...]

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NFA – SRO’s Announce Additional Initiatives

On July 18, 2012 - 10:38 AM By

Futures industry SRO committee announces additional initiatives to strengthen safeguards for customer segregated funds July 17, Chicago – A special committee composed of representatives from the futures industry’s self-regulatory organizations (SRO) has proposed additional requirements to SRO rules and regulatory practices designed to strengthen safeguards for customer segregated and secured funds held at the firm. [...]

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