NIBA petitioning to have MF Global seg funds released

The NIBA is forwarding this petition to the court in New York City handling the MF Global Bankruptcy. We are taking this action in behalf of all our members, including those who cleared MFG and those who did not. Although the CME has indicated it is adding approximately $300 million to the funds, it appears the remainder of MFG’s customers funds will be subject to a lengthy legal process. As you are well aware, these funds are absolutely necessary for an efficient marketplace.

Please sign the Release the Seg Funds Petition now. All registered persons in your office may sign separately.

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