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U.S. Securities and Exchange Commission

SIPA Liquidation of MF Global, Inc.


The Securities and Exchange Commission, Commodity Futures Trading Commission, and other regulators have been closely monitoring developments affecting MF Global, Inc., a jointly registered futures commission merchant and broker-dealer.

Following anticipation of a transaction that would include the transfer of customer accounts to another firm, MF Global informed regulators on October 31 that the transaction had not been agreed to, and reported possible deficiencies in customer futures segregated accounts held at the firm.

The SEC and CFTC determined that a bankruptcy proceeding led by the Securities Investor Protection Corporation (SIPC) is the safest and most prudent course of action to protect customer accounts and assets.

SIPC initiated the liquidation of MF Global under the Securities Investor Protection Act (SIPA) on October 31. The U.S. District Court for the Southern District of New York entered an order granting SIPC’s request for SIPA protections for customers of MF Global. The court appointed James W. Giddens as trustee for the liquidation, and Hughes Hubbard & Reed LLP was appointed as counsel to the trustee.

A website has been established by the trustee to provide information pertaining to the SIPA liquidation of MF Global.

Investors with questions related to the MF Global proceeding can call or e-mail the trustee:



Modified: 11/01/2011