A Statement from Phil Bennett, CEO, Refco Group Ltd., LLC.Business Editors CHICAGO--(BUSINESS WIRE)--Sept. 12, 2001 "All of Refco is deeply saddened by yesterday's events and wishes to extend its sympathies to those who have experienced loss. We also want to assure our clients that despite this tragedy, Refco is prepared to resume full operations once U.S. markets reopen. The company's operating platform and multiple locations provide the flexibility and redundancy to ensure continued operations. The integrity of the futures industry's clearing mechanism and of Refco remain intact, and client monies and positions are entirely secure. Refco clients are being contacted by company representatives with regard to their accounts, and additional updates are being posted regularly on the companies website - www.refco.com." About Refco - www.refco.com Refco Group Ltd., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has more than $4 billion in global client equity. It includes among its subsidiaries, Refco, LLC, the largest non-bank U.S. futures commission merchant Futures commission merchant (FCM) A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any . The Group's global futures activities expanded significantly when Refco acquired Lind-Waldock & Co., LLC, the industry's leading retail online futures broker, the customer business of LFG LFG Landfill Gas LFG Lincoln Financial Group (insurance & financial planning company) LFG Looking For Group (Everquest) LFG Lexical-Functional Grammar (computational linguistics) , a major futures commission merchant and an acknowledged leader in electronic trading technologies and the locals clearing business of First Options. Affiliates of the Refco Group also provide services in fixed income, equities, prime brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. , and OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). derivatives to clients. Refco provides asset management services to institutional and private clients through two subsidiaries, Forstmann-Leff Associates, LLC, based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and Tilney Investment Management, based in the U.K. Refco Group Ltd, LLC maintains a website at www.refco.com. |
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