MFGH

MF Global trustee fails to make a claim

By Daniel P. Collins | March 30, 2012

One of the most frustrating aspects of the MF Global debacle for the former customers of the bankrupt futures broker is the process where their advocate—the SIPA appointed trustee—has insisted from the beginning the need for customers to file claims to get their own money
MF Global: Clear as mud

By Daniel P. Collins | March 28, 2012

For those holding out hope that the most recent Congressional hearings on the MF Global bankruptcy would clear up some confusion, Wednesday’s hearing before the House Financial Services Oversight and Investigations subcommittee entitled “The Collapse of MF Global: Part 3” was a huge disappointment.
MF Global errors were insured

By Daniel P. Collins | March 19, 2012

MF Global Inc. Trustee James Giddens has failed to claim $120 million in professional liability insurance due MF Global customers, according to a motion filed on Monday. The MF Global Holdings Ltd. trustee wants those proceeds to pay for the defense of officers with the firm.

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Financials

Americans most optimistic since 2007 as stocks surge

Americans’ confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.

Options

Using British pound options to play a dovish BoE

As the Bank of England (BoE) continues its efforts to push inflation back to its 2% target, the pound Sterling has fallen to near 31-month lows against the dollar. Use a put spread to define your risks vs. rewards.