Congress Sends Letter of Support for MF Customers to SEC & CFTC

#PFGBest Customers

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On behalf of customers of MF Global, five Congressmen from Illinois sent a letter to SEC Chairman Mary Shapiro and CFTC Chairman Gary Gensler in support of the immediate release of 100% of customer funds frozen in the MF Global bankruptcy. The letter states that "every effort should be made to reach this goal, including the liquidation of MF Global's holding company assets for the benefit of its commodity customers." It details their view that the CFTC should advise the Court that the failure of MF Global to maintain segregation should not be permitted to "force a haircut on MF Global's customers."

Read the Letter Here

The Congressman who signed on to the letter are listed below. Please send them a quick Tweet or post a brief note on their Facebook pages to let them know the CCC's membership is greatful for their assistance.

Member District Twitter ID Facebook Page
Joe Walsh IL-8 Click Here
Randy Hultgren IL-14 @RepHultgren Click Here
Adam Kinzinger IL-11 @RepKinzinger Click Here
Donald Manzullo IL-16 Click Here
Timothy Johnson IL-15 @RepTimJohnson Click Here

#MFGlobal Customers

Are you a customer of MF Global? The CCC formally represents more than 200 clients in the bankruptcy process of MF Global on a pro bono basis, and informally represents thousands more in the public domain.

Get the latest news on #MFGlboal.

About John Roe 91 Articles
Co-Founder of the CCC and head of BTR Trading and Roe Capital Management.

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