Release: 5128-05
For Release: October 13, 2005

Statement of the Commodity Futures Trading Commission Regarding Refco, LLC

Washington, D.C. – The Commodity Futures Trading Commission (CFTC) today issued the following statement regarding the situation at Refco, LLC.:

The CFTC has been monitoring closely the unfolding situation at Refco LLC., the CFTC regulated futures commission merchant (FCM) subsidiary of Refco Inc. As part of this effort, the CFTC has been working closely with all concerned entities including, among others, the Securities and Exchange Commission, the Department of Justice, the Chicago Mercantile Exchange (the designated self-regulatory organization for Refco, LLC.), and the National Futures Association.

CFTC auditors and attorneys are presently in the process of re-confirming that Refco LLC's customer funds on deposit remain uncompromised and that the capital requirements of Refco LLC are being met.

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