SIPC: Customers See Full Assets Restored as MF Global Liquidation Ends

February 9, 2016 – Washington, D.C. - Securities and commodities customers of MF Global Inc. have had all of their assets returned with the conclusion of the MF Global liquidation, the Securities Investor Protection Corporation (SIPC) announced today.

“After more than four years of recovery efforts, $8.1 billion has been returned to MF Global customers and creditors,” said SIPC President Stephen Harbeck. “I commend MF Global Trustee James W. Giddens and his staff, and Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York, who made this excellent result possible. The end of the MF Global liquidation demonstrates that the law designed to protect customers of failed brokerage firms works and works well.”

The motion to end the liquidation and close the MF Global estate was brought by Trustee Giddens and was approved Tuesday by Judge Glenn.

“This is very positive news for the investing public,” Harbeck said. “SIPC is pleased to have been able to support this process to protect investors.”

Over the course of the liquidation proceeding, the Trustee distributed over $8.1 billion to MF Global customers and creditors, including approximately:

  • Customer claimants - $6.9 billion to cover 100 percent of allowed claims
  • Secured, administrative and priority general claimants - $35 million to cover 100 percent of allowed claims
  • Non-affiliate unsecured general claimants - $219 million to cover 95 percent of allowed claims
  • Affiliate unsecured general claimants - $905 million on their allowed non-subordinated unsecured claims