Commissioner Jill E. Sommers Responds to Concerned Customers of MF Global, Inc. (Press Release)

CFTC Press Release 6159-11

CFTC Commissioner Sommers issued a statement that in part stated: "if we find that customer property [that] was transferred to the parent company, we will do everything within our power to return it to its rightful owners." Additionally, with regard to customer concerns about the progress made on the analysis of MFGI's books and records, Commissioner Sommers stressed that transfers of customer funds out of the Section 4d segregated accounts have been identified, and subsequent transfers of those funds are currently being traced, but there is still a lot of work to do.

Cross References: CEA Section 4d; CFTC Rules Part 190; Lofchie's Guide to CPO/CTA Regulation: Chapter 12, Insolvency.