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Thursday, Apr 2, 2026
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Refco Unit Freezes Customer Accounts

Refco Inc., the commodities broker mired in an accounting scandal which finds its chief executive accused of hiding bad debts from shareholders and regulators, said Thursday it will freeze customers’ accounts in one of its unregulated subsidiaries for 15 days because the unit may not have enough cash on hand to operate normally.

*For more on this story,

read the full Associated Press article.

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