MF Global clients’ details published by KPMG

Norma Cohen and Philip Stafford report:

Private clients of MF Global reacted angrily on Wednesday to what several said was a severe breach of privacy, after KPMG, administrator to the UK arm of the failed futures broker, published their identities, home addresses and the sums owed to them.

The list, which includes corporate and institutional clients from the UK’s Financial Services Authority to the London Stock Exchange as well as numerous banks and trading entities, includes hundreds of private individuals who are owed sums as small as £3,200 and as large as £500,000 apiece.

Read more on Note that this was not an accidental breach but a considered decision to publish the details unredacted instead of at least trying to get court approval to redact the names of individuals on a list that had to be published under law.

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