Wall Street broker failure News

MF Global Trustee Recommends Insurance Fund for Futures Customers

Futures customers should have access to a fund that guarantees their accounts up to a certain threshold, the trustee liquidating MF Global Holdings Ltd said in a report on Monday. The report, written by Trustee James Giddens to the U.S. …

Lawyers, Firms Line Up as MF Global Crumbles

Just days after the collapse of MF Global, a healthcare plaintiffs’ lawyer registered the domain mfglobal-lawsuit.com — a sign of the legal business the brokerage’s failure is expected to generate. Timothy Butler of Darien, Connecticut, said he is hoping for …