The Commodity Futures Trading Commission (CFTC) today
issued the following statement regarding the situation at Refco, LLC.:
The CFTC has been monitoring closely the unfolding situation at Refco LLC., the CFTC
regulated futures commission merchant (FCM) subsidiary of Refco Inc. As part of this
effort, the CFTC has been working closely with all concerned entities including, among
others, the Securities and Exchange Commission, the Department of Justice, the Chicago
Mercantile Exchange (the designated self-regulatory organization for Refco, LLC.), and
the National Futures Association.
CFTC auditors and attorneys are presently in the process of re-confirming that Refco
LLC's customer funds on deposit remain uncompromised and that the capital
requirements of Refco LLC are being met.
