Why Did MF Global Declare Bankruptcy At 2 AM Sunday Morning?

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Mark Melin
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Updated on

The trustee seeking to pay MF Global creditors money they were owed when the derivatives brokerage firm failed in a ball of flames Halloween 2011, is requesting court approval to make the final payments, capping a wild ordeal. Payments to MF Global customers and creditors The payment to creditors would mark the return of assets to both MF Global customers and creditors that surrounded a case where, to this day, the real story has yet to be told in any major publication. After MF Global customer money was discovered suspiciously missing over Halloween weekend in 2011, the firm declared bankruptcy even though it apparently…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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