MF Global Customers Seeking Payment Feel Inequity

While some MF Global customers are slowly getting their money back, there appears to be a divide. According to The Wall Street Journal,  not all customers are created equal.

Andrew McCormick, a 27-old Seattle-based commodity-fund manager, had about $480,000 with MF Global at the time of its October implosion. His money was divided between U.S. and non-U.S. investments.

He has reclaimed $175,000 (or 72 percent) from his U.S. holdings but as for the balance,

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com or click chat button and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


0