– MF Global may return funds, CFTC urges vigilance (Reuters, Nov. 16, 2011):
The amount represents 60 percent of the $869 million of cash that had been frozen, Giddens said in papers filed late Tuesday in U.S. bankruptcy court in Manhattan. A transfer could be made “within days” of court approval, Giddens said.
Commodities traders and exchanges have clamored for the release of the money. They contend that the freeze punished customers who amassed the cash by liquidating their trading positions prior to MF Global’s bankruptcy.
Customers may still get a payout even as investigators continue their pursuit of about $600 million that has gone missing from accounts of MF Global.
– MF Global Trustee Targets Distributions Beyond $520 Million (BusinessWeek, Nov. 16, 2011)
– MF Global trustee seeks cash release (Market Watch, Nov. 16, 2011)
YouTube Added: 14.11.2011