MF Global: Update for Securities Account Holders
In a November 7th statement available here, the Trustee indicated that:
[W]e have identified approximately 400 security accounts that were active at MF Global and we are attempting to find brokers where those accounts can be bulk transferred back to customers.
To the extent that accounts are not transferred, the Trustee will be establishing a claims process, which will need to be approved by the Court, for the customers and creditors of MF Global Inc. consistent with his duties under SIPA to identify and marshal assets available to satisfy customer claims and to maximize the estate for all stakeholders in an orderly and fair process.
In short, be patient I suppose...
Good day. Good grief. TSR
