It is never where you look
By Daniel P. Collins
May 18, 2012
The trustee for MF Global Inc. reported today that he has secured $168 million from JP Morgan as a result of ongoing discussions between JP Morgan and the trustee. Trustee spokesman Kent Jarrell said that the $168 million was unrelated to other claims that the trustee had announced on April 4, that it was “engaged in substantive discussions” with JP Morgan over. Jarrell added that the $168 million was not part of the $1.6 billion in non-recovered customer funds.
Risk Disclosure: Past performance is not indicative of future results. The risk of loss in trading Commodity Futures, Options, and Foreign Exchange (Forex) can be substantial no matter who is managing your money. There are substantial risks and conflicts of interests associated with Managed Futures and Managed Forex accounts, and you should only invest risk capital. Trading in Commodity Futures, Options, and Forex is not suitable for all investors. If you are unsure your financial circumstances permit you to invest you should seek professional advice.
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