Liquidation of Broker-Dealer Related to 8th Largest Bankruptcy
On October 31, 2011, MF Global Holdings Ltd. filed the eigth largest chapter 11 bankruptcy in U.S. History. MF Global, Inc. was the broker-dealer unit of MF Global Holdings, Ltd. and, by law, could not legally file for bankruptcy or even be included in the bankruptcy of its parent. As a result, Securities Protection and Investment Corp. (SIPC) moved […]
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