MF Global UK administrator KPMG said it had recovered about $500 million of client assets frozen at the defunct broker and planned to make significant returns to customers before the March 2012 claims deadline, HuffPo reports.
Former MF Global UK clients will be relieved their cash is starting to return to the administrator, via exchanges, clearing houses and banks, as they prepare to start filing their applications to claim back their monies.
KPMG said on Monday the failed futures broker's clients will be able to formally claim from early next month and have to the end of March next year to make their submissions….
Read more at http://www.huffingtonpost.com/2011/11/29/kpmg-mf-global_n_1119106.html?ref=business
No comments:
Post a Comment