Update on MF Global collapse of WH SelfInvest

MF Global, KPMG and WH SelfInvest. Das Update:

WH Selfinvest us today with regard to the progress and status of hwinfo MF Global informed bust. Akutell seem about 85% the investor or. all your accounts and capital right now its owners have found. Among the verbeibenden 15% are the opportunities also are also within easy. For this, we were told that the part WH Selfinvest the legal department sought and exercised a legal representative in London, local pressure in the UK at KPMG, so here is a final payment and therefore great opportunities to secure all accounts is likely.

Even if the Segregated principle would fail the first time in history, WH is open to the possibility Selfinvest According to the option of deposit insurance. These deposit insurance has WH SelfInvest us again confirmed. Therefore, it seems to be so far gone quite well for investors. For up to the stress factor and loss of time would be no significant damage has occurred, what actually can be regarded nowadays as a small miracle.

WH SelfInvest himself has told us, that no new customers could be won, had used the other former broker with MF Global, However, this individual will represent your interests without any help broker had. And that would in this case is often much greater loss of. For a professional legal adviser is expected to pay for the individual hardly. For this, the prospect is far more effective to pay for a Sammelvertetung, held to explain the Insolovenzverwalter at KPMG in London, his claim.

Here's the official release of GH Selfinvest

The insolvency of MF Global UK has in the past 3 Days, no additional news releases. Representatives of our company and our law firm, Herbert Smith LLP, attended yesterday's event for customers and creditors, which was organized by KPMG. About 700 People representing a wide range of companies from the area of ​​financial services. The meeting lasted half a day. The most important parts of the events can be summarized as follows: First, KPMG hat bestätigt, that you know, where 100% of client funds and that you are 82% under the direct control of them have their own. The largest remaining balance of 15%, MF Global is in other units. End of this week, KPMG will share with the administrators of other units of MF Global, order the return of the remaining 15% to discuss. Secondly, KPMG hat bestätigt, that an interim payKPMG has confirmeded provided. Neither the amount nor the time of an interim payment has been named, February, with the indicated. The statement, that an interim payment is made, was also confirmed by Reuters. Thirdly and finally, the question was answered, why customers U.S. Units have already received payments. KPMG said, the one that the English legal system is different and the other is the U.S.. Terms of MFG is much less complex, since there are only a fraction of the stock exchanges of MFG UK offered.

Howsoever. It sees an end in sight. The remaining funds are to clients of KPMG to WH SelfInvest clients about. March will be transferred back. The exact date is still open. The outstanding balance was also announced by KPMG on Reuters. WH SelfInvest offers each customer personally to answer questions to give – Contact for tf1 would be Mr. Christian Schneider.