The Financial Services Compensation Scheme (FSCS) is set to deal with thousands of compensation claims related to the collapse of broker MF Global, with more expected.
It has sent compensation application forms to 4,000 British investors with individual accounts, allowing them to make a claim. Customers with joint accounts and private individuals are expected to be contacted by the end of the week. Others will receive the forms later this month. MF Global filed for bankruptcy protection in New York last October after a disastrous $6.3bn bet on European government debt. KPMG, the special administrators of MF Global UK, recently announced customers will start to receive dividend payments in relation to client money claims, and the FSCS has been wor...
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