With Distribution Commencing April 4, 2014, Total of $6.7 Billion Will Be Returned to 26,000 Former Securities and Commodity Futures Customers
WASHINGTON, DC – April 3, 2014 – Starting April 4, 2014, James W. Giddens, Trustee for the Securities Investor Protection Act (SIPA) liquidation of MF Global Inc. (MFGI) will commence the final distribution to MFGI customers, which will fully satisfy all claims of both securities and commodity futures customers. The Securities Investor Protection Corporation (SIPC) today commends the hard work of Trustee Giddens and his staff for this significant accomplishment.
SIPC President Stephen Harbeck said: "This achievement would not have been possible without the tireless effort and commitment shown by Trustee Giddens and his staff in working toward the maximum recovery for customers. The involvement of both securities and commodities customers made this a particularly difficult case and SIPC salutes Trustee Giddens, who has a consistent track record of obtaining positive results for customers of failed brokerage firms. We also thank U.S. Bankruptcy Court Judge Martin Glenn and U.S. District Court Judge Victor Marrero for their efforts, which enabled this important milestone to be reached."
Full details on the distribution can be found at mfglobaltrustee.com.