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RELEASE: pr5552-08

  • Release: 5552-08

    For Release: September 20, 2008

    CFTC Statement Regarding Barclays Purchase of Lehman Futures Business

    Washington, DC – Today, Judge James Peck of the United States Bankruptcy Court for the Southern District of New York approved the purchase by Barclays Capital Inc., a registered futures commission merchant (FCM), of Lehman Brothers Inc., a registered FCM and subsidiary of Lehman Brothers Holdings Inc. Commodity Futures Trading Commission (CFTC) Acting Chairman Walt Lukken made the following statement in response to the announcement:

    “Today’s purchase by Barclays provides for an orderly transfer of customer accounts – this is a strong and positive development for the customers of Lehman’s futures business. The Commodity Exchange Act and CFTC regulations protect customers of FCMs by requiring segregation of their funds. The agency worked to ensure these laws and regulations were upheld and customers at Lehman’s regulated FCM were protected – maintaining the CFTC’s strong record of safeguarding customers’ assets.”

    Media Contacts
    Ianthe Zabel
    202-418-5080

    R. David Gary
    202-418-5085

    Last Updated: September 22, 2008

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