MF Global trustee says shortfall began on Oct. 26

#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 Trustee's report shows clear fraudulent conveyance and that should help develop the legal framework for recovering customer funds from counterparties who received those funds to the MFGI estate,” says John Roe co-founder of the Commodity Customer Coalition (CCC). Roe is hoping this release will push the Bankruptcy judge to approve a CCC motion that would dictate that customer priority moves with the funds as they are transferred.

Read full article at Futures Mag: http://www.futuresmag.com/2012/02/06/mf-global-trustee-says-shortfall-began-on-oct-26

#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.

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