Status Update from the Office of James W. Giddens, Trustee for the Liquidation of MF Global Inc., Concerning the Trustee's Investigation
NEW YORK - February 6, 2012 – James W. Giddens, the Trustee for the liquidation of MF Global Inc., today filed a preliminary report on the progress of his investigation into the failure of the broker-dealer with the United States Bankruptcy Court for the Southern District of New York, the Honorable Martin Glenn, presiding. The Trustee's investigation has preliminarily determined that MF Global Inc. had a shortfall in commodities customer segregated funds beginning on Wednesday, October 26, 2011, and that the shortfall continued to grow in size until the bankruptcy filing on Monday, October 31, 2011. ... (more)
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MF Global Inc. Trustee: Deadline for Customer Claim Submission is January 31, 2012
NEW YORK - January 23, 2012 – The Trustee for the liquidation of MF Global Inc. and the Securities Investor Protection Corporation today urged former customers of MF Global Inc. to submit claims forms by the January 31, 2012 deadline. Claims from former commodity futures customers and former securities customers of MF Global Inc. must be received by the Trustee by 11:59 PM on Tuesday, January 31, 2012 in order to receive maximum protection under the law and to be considered for future distributions of assets. ... (more)
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SIPC to Defend Itself Against SEC Lawsuit Over Stanford Antiguan Bank Losses
WASHINGTON, D.C. - December 12, 2011 – The Securities Investor Protection Corporation said today that it will defend itself against a U.S. Securities and Exchange Commission lawsuit over claims of investor losses related to the Stanford Antiguan bank fraud case. "We have great sympathy for the victims of this extraordinary Ponzi scheme that inflicted heartbreaking losses on thousands of people across the world," said Orlan M. Johnson, Chairman of the Securities Investor Protection Corporation. "But, SIPC must adhere to the requirements established by Congress." ... (more)
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