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Collapse & Bankruptcy of MF Global
Tao Zhu
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Description for Collapse & Bankruptcy of MF Global
Hardback. Editor(s): Zhu, Tao. Num Pages: 132 pages. BIC Classification: KFFM; KNST. Category: (P) Professional & Vocational. Dimension: 154 x 231 x 12. Weight in Grams: 304.
On 31 October 2011, MF Global, a large brokerage firm registered with the Securities and Exchange Commission (SEC) as a broker-dealer and with the Commodity Futures Trading Commission (CFTC) as a futures commission merchant (FCM), filed for bankruptcy. It appears that the firm failed as a result of losses from investments related to European sovereign debt. Normally, brokerage customers are protected from brokerage failure. On the securities side, investors may receive up to $500,000 from the Securities Investor Protection Corporation (SIPC) if the failed brokerage's assets are insufficient to meet customer claims. In futures markets, there is no insurance scheme ... Read more
On 31 October 2011, MF Global, a large brokerage firm registered with the Securities and Exchange Commission (SEC) as a broker-dealer and with the Commodity Futures Trading Commission (CFTC) as a futures commission merchant (FCM), filed for bankruptcy. It appears that the firm failed as a result of losses from investments related to European sovereign debt. Normally, brokerage customers are protected from brokerage failure. On the securities side, investors may receive up to $500,000 from the Securities Investor Protection Corporation (SIPC) if the failed brokerage's assets are insufficient to meet customer claims. In futures markets, there is no insurance scheme ... Read more
Product Details
Publisher
Nova Science Publishers Inc United States
Number of pages
132
Format
Hardback
Publication date
2013
Condition
New
Number of Pages
132
Place of Publication
New York, United States
ISBN
9781624177101
SKU
V9781624177101
Shipping Time
Usually ships in 5 to 9 working days
Ref
99-2
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