New York-based derivatives broker MF Global filed for bankruptcy on Halloween, and its clients are feeling tricked because $3 billion of their funds remain tied up. [More]
mf global
Feds Investigate $600 Million Allegedly Missing At MF Global
By 11.2.11
Federal investigators are attempting to sort out how New York-based derivatives broker MF Global has apparently up and lost $600 million of customers’ money. The FBI, U.S. Securities and Exchange Commission and the Commodities Futures Trading Commission are all reportedly investigating, amid accusations that MF Global has broken federal rules for keeping customers’ money separate from the business’s own assets. [More]
