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MF Global Brokerage May Have Moved Customer Funds, Creditors Say

MF Global Holdings Ltd. signage is displayed at 60 East 53rd Street in New York, in 2011. Photographer: Stephen Yang/Bloomberg
MF Global Holdings Ltd. signage is displayed at 60 East 53rd Street in New York, in 2011. Photographer: Stephen Yang/Bloomberg

April 6 (Bloomberg) -- Creditors of MF Global Holdings Ltd. said in a status update filed yesterday that its failed brokerage unit may have transferred $717 million of customer funds to eight institutions in October, and that a trustee for the brokerage unit isn’t helping with a global analysis of books and records.

Link to Company News:{MFGLQ US <Equity> CN <GO>}

To contact the reporter on this story: Tiffany Kary in New York at tkary@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

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