SEC-CFTC Statement on MF Global (Press Release)

SEC Press Release No. 2011-230

October 31, 2011

The SEC and CFTC issued a joint statement that they have "determined that a SIPC-led bankruptcy proceeding would be the safest and most prudent course of action to protect customer assets." SIPC separately announced that it is initiating a liquidation of MF Global.

For more information about this document, you may contact one of the following Cadwalader attorneys: Steven Lofchie; Jeffrey Robins.

Cross References: SIPC Press Release (10/31/11); Lofchie's Guide to Broker-Dealer Regulation: Chapter 12, Insolvency; Lofchie's Guide to CPO/CTA Regulation: Chapter 12, Insolvency.