Second Refco subsidiary out of business
10 Oct 2005
CME says broker still in good standing
Refco has announced that a second subsidiary, Refco Securities, was to be closed as a result of its ongoing crisis. The group sent notices to Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC) saying that Refco Securities, Refco's US equity brokerage business, was to "begin...
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