Gain wins court approval to acquire Refco assets
NEWS
Under the terms of the agreement, Gain will pay an upfront fee of $750,000 for the entire list of approximately 15,000 customer accounts and more than 150,000 marketing contacts. In addition, it has agreed to further remuneration in the form of an activation fee of $100 per account, payable on every account over $4,000 opened before the second anniversary of the closing date of November 16, 2006.
Gain will also pay RFXA an annual maintenance fee of 1% of the average account balance of each
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