Gain takes on Refco legacy business
NEWS
If the agreement goes through, Gain will purchase Refco FXA (RFXA) retail customer account information and related assets.
Under the terms of the motion filed with the Bankruptcy Court last week, customers would receive the lesser of the RFXA account balance and $150 if they open an account with Gain and execute a trade. This would mean about 40% of RFXA's customers would receive full recovery of their account balances.
Clients with balances of $40 or less would be able to withdraw funds
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