The trustee overseeing the liquidation of failed futures brokerage MF Global's parent company expressed hope on Wednesday that customers who had faced an up to $1.6 billion shortfall in funds would eventually be returned all of their funds.
In prepared testimony before the Senate Agriculture Committee, Louis Freeh -- who is responsible for winding down the parent company, but is not leading efforts to recoup missing funds from the brokerage division -- said he is confident that "all of the customers of MF Global Inc eventually will be made whole."...MORE
Wednesday, August 1, 2012
MF Global Corporate Trustee Sees All Customer Funds Returning
From Reuters via the Chicago Tribune:
