MF Global Holdings, Ltd. (fka MFGLQ)

[keekee]

First it was $1b. Now $600mln. So the money is there, but just trickling in as the attorney said. To think that IBKR walked away from a monster opportunity because of this is plainly DUMB. Even the Bloomberg piece worte this:

"A source familiar with the matter told Reuters that regulators are still not sure where the money is, and why they can't find it.

MF Global maintains that any shortfall is the result of money stuck at banks that handled its trades or unintentional bookkeeping problems, the Journal said, citing people familiar with the matter."

That is why there's a lot of interest in this stock. If that money comes in, you will be looking at combined excess of $2billion over assets (including the subs that did not file for BK). IBKR may just have lost out here - IMO