MF Global – 30,000 Client Accounts Still Frozen (Video)
November 16, 2011 10:15 am
The Wall Street Journal has an interesting discussion about current situation at MF Global. With all of the finger pointing and blame, what are the investors that have accounts supposed to do if they have no access to their account? You have to feel for those that have futures and options that are still trading with no ability to cash out. Essentially, they are now just able to sit by and watch their accounts bob and weave with each move of the markets/commodities.
MF Global’s slide into bankruptcy has been a costly snarl for thousands of traders and brokers who did business through the securities firm. More than 30,000 accounts remain frozen. Colin Barr has details on The News Hub.