Liquidation of Large Broker Dealers and FCMs - The Challenges Faced and Lessons for the Future

Three of the largest liquidations in SIPC’s 42 year history are taking place now. James Giddens of Hughes, Hubbard & Reed is the trustee for two of them, the Lehman Brothers and MF Global liquidations. Chris Kiplok serves as the Chief of Staff and principal deputy to the trustee, and he will provide insight regarding the challenges that he has faced in the liquidations and give us his on how he thinks customer protection should be dealt with for both the securities and futures industries.