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...“Clearly that’s a high percentage,” said Fred Grede, bankruptcy trustee for Sentinel Management Group, a futures broker that failed in 2007....
...The job cuts come as the trustee liquidating MF Global’s US brokerage business won a court order to distribute $520m of cash to customers whose accounts had been frozen....
...The CME Group, on whose Comex metal and Nymex energy exchanges MF Global was the top broker by volume, said it had discovered MF Global was in “violation” of its rules on segregating accounts....
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