Seg Funds

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  ABM AMRO ordered to pay $1 million for seg fund deficiencies

  By Press Release  |  June 19, 2013

  CFTC orders ABN AMRO Clearing Chicago LLC to pay $1 million to settle charges of segregated and secured fund deficiencies, a minimum net capital violation, books and records violation, and supervision failures.

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  CFTC alleges U.S. Bank misused PFG customer segregated funds

  By Press Release  |  June 5, 2013

  CFTC files complaint against U.S. Bank, N.A. alleging unlawful use of Peregrine Financial Group, Inc.’s customer segregated funds and violation of customer segregation laws.

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  NFA and CME tightening up supervision

  By Daniel P. Collins  |  April 4, 2012

  Both the National Futures Association (NFA) and CME Group are changing rules regarding how futures commission merchants handle excess funds in customer segregated accounts.

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  JP Morgan charged with mishandling seg funds in Lehman case

  By Press Release  |  April 4, 2012

  The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against JPMorgan Chase Bank, N.A. (JPMorgan) for its unlawful handling of Lehman Brothers, Inc.’s (LBI) customer segregated funds. The CFTC order imposes a $20 million civil monetary penalty

• Futures industry DSROs to address seg fund issues

  By Press Release  |  January 19, 2012

  Nearly 12 weeks after a shortfall was discovered in the segregated funds of MF Global customers, a group of the industry's DSROs formed a committee to look into seg fund concerns.

• Duffy says Corzine knew of transfer

  By Daniel P. Collins  |  December 13, 2011

  CME Executive Chairman Terry Duffy testified under oath that a CME auditor was informed by senior MF Global staff that Jon Corzine knew of transfer of seg accounts

• MFGI bankruptcy judge approves third transfer of customer funds

  By Press Release  |  December 9, 2011

  Statement from the Office of the Trustee for the liquidation of MF Global Inc. on judge’s approval of third transfer and securities accounts sale

• Trustee to increase distribution; questions persist

  By Daniel P. Collins  |  November 29, 2011

  Trustee to release another $1.2 billion to MFGI customers but numbers still don't add up

• CFTC provides MF Global timeline

  By Press Release  |  November 16, 2011

  The CFTC, which has been strangely silent through the MFGI preocess gives timeline of events.

• MFGI trustee to return roughly $521 million to cash-only customers

  By News story  |  November 16, 2011

  Trustee James Giddens for the MF Global bankruptcy filed a motion today to return up to a 60% distribution to those former MFGI customers that had only cash in their accounts