FIA Issues Statement Regarding MF Global (Press Release)
The main trade body for the futures industry on Wednesday pushed for a faster return of customer funds locked up in the bankruptcy of MF Global Holdings Ltd., warning that some investors can't afford to pursue claims on their frozen assets. The Futures Industry Association called on the trustee supervising the liquidation of MF Global to complete an "interim accounting" and return the money MF Global's brokerage customers held on deposit with the failed New York firm, either in cash or backing trades.
Cross References: CEA Section 4d; CFTC Rules, Part 190