NFA - MF Global Statement
Over the past few weeks, National Futures Association (NFA) has been assessing how our member firms have been impacted by the MF Global Inc. bankruptcy. While NFA was not the designated self regulatory organization (DSRO) for MF Global, Inc., we have been in contact with all of our Members that had accounts with MF Global, Inc., including introducing brokers (“IB”). NFA staff is working closely with its Member firms to assess their specific situations and address their needs as best as possible. For example, when accounts were transferred out of MF Global, Inc., NFA responded to many requests from IBs to assist them in locating their customer accounts. NFA staff also worked with a number of MF Global guaranteed IBs and their new guarantors to assist with a smooth transition. On November 7, NFA sent a Notice to Members to independent introducing brokers to assess the bankruptcy's impact on their...