He said there have been improvements in sectarian relations in the Iraqi capital, but not to the point that the different factions can completely commingle.
Koutoulas told Benzinga that if MF Global did indeed commingle client funds with their own accounts, as many suspect, customers of the brokerage would have clawback rights similar to the Madoff case.
In fact, the only way to change the character of separate property, like a family trust or gift funds, would be to commingle them with "marital" accounts with the explicit intent to share ownership or control with the other spouse.