MF Global Trustee Explains Delay in Releasing Collateral

MF Global Inc.’s liquidator told commodities customers he can’t let them have any more of their collateral go until a probe into the “complex cash movements” at the defunct brokerage establishes the size of any shortfall.

James W. Giddens, the trustee handling the liquidation, has said he has “substantially” finished transferring 50,000 commodity accounts to other brokers, releasing $1.6 billion in collateral.