Skip to content
Subscriber Only

MF Global Canada Trustee Ordered by Court to Pay Clients

KPMG Inc., the court-appointed trustee for the Canadian unit of MF Global Holdings Ltd., was ordered to make cash payments to the bankrupt company’s 2,500 foreign exchange customers in the country.

Payments will be made within seven business days, KPMG said today in a statement. The trustee said it has “substantially” completed the transfer of MF Global Canada assets to RBC Dominion Securities, a unit of Toronto-based Royal Bank of Canada.