Group representing MF Global customers ‘optimistic’ about latest efforts to recover funds

#PFGBest Customers

Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.

Stay tuned to our website for more information.

The advocacy group on Monday filed a brief in Bankruptcy Court in New York arguing that all customers are entitled to their money - regardless of where it went - following the brokerage firm’s October collapse.

“We are optimistic, we think we are right on the law. I think we’ve looked at it every which way and it is implicit in the law. We think the judge will set a precedent.” said CCC co-founder John Roe, adding that if the court denies the order he plans to take his case to Capitol Hill. “We will pressure Congress to stay on top of the Department of Justice to make sure the investigation is going forward the way it should.”

Read more at Medill Reports: http://news.medill.northwestern.edu/chicago/news.aspx?id=198491&print=1

#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 James Koutoulas 209 Articles
Co-Founder and lead attorney of the CCC, CEO of Typhon Capital Management and Typhon Securities.

Be the first to comment

Leave a Reply