As disastrous as the MF Global debacle has been to its customers, who still have not been made whole more than a year after the firm went under, those customers with funds held overseas in secured accounts have seen the worst of the MF Global mess. While customers trading exclusively in the United States received or were assured more than half of their money by Christmas 2011, only 5% of the money held in secured accounts has been returned one year later. MF Global UK Limited (MFG UK) is a UK division of MF Global Holdings, Ltd. It was a broker dealer regulated by the Financial Services Authority (FSA) and as described by MF Global UK, it “delivers trading and hedging solutions across all major markets for futures and options, commodities, fixed income, equities and foreign exchange.” More in Futures Magazine here.
