Peterffy Bought 8 Million MF Global Shares as Broker Failed
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Thomas Peterffy, whose Interactive Brokers Group Inc. declined to buy assets from MF Global Holdings Ltd., said he purchased 8 million shares in the futures broker as its stock plunged.
Interactive Brokers said in an e-mailed statement that the company, not Peterffy, purchased the stock. MF Global shares have fallen 98 percent from their peak this year. The week before it filed for bankruptcy on Oct. 31, the New York-based company’s shares fell 67 percent to $1.20. They have since dropped to 14 cents.