'MF Global Did What?!': CLEARINGHOUSE BANKRUPTCY RIPPLES THROUGH THOUSANDS OF HEDGING ACCOUNTS

摘要

Halloween 2011 was no treat for the commodity industry, when MF Global, one of the largest commodity clearing houses on Oct. 31 filed for bankruptcy, and some considered it to be a bad trick that had been played. Federal regulators initially reportedthat $660 million in customer accounts were not segregated and not immediately traceable. Immediately, the trustee appointed to administer the Securities Investor Protection Act (SIPA) placed a hold on all trading accounts at MF Global.