Bankruptcy Judge Preliminarily Holds REFCO’s Unregulated Unit to be a “Stockbroker” for Purposes of the Bankruptcy Code

In the Chapter 11 proceeding in the matter of Refco, Inc., et al., case number 05-6006 (RDD), involving not only Refco, Inc., but its unregulated affiliate Refco Capital Markets, Ltd. (“RCM”), the Court found that RCM was a “stockbroker” under the Bankruptcy Code. Although the Court ruled, it postponed the effective date of its ruling […]