Deals
MF Global Has Customer Shortfall of $633 Million, CFTC Says
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MF Global Inc.’s commodity customer funds have a shortfall of $633 million, or about 11.6 percent, out of a segregated fund requirement of about $5.4 billion, the Commodity Futures Trading Commission said.
The shortfall may be recovered by James W. Giddens, the trustee for the bankrupt broker-dealer, lawyers for the CFTC said at a hearing yesterday in U.S. Bankruptcy Court in Manhattan