Feds Investigate $600 Million Allegedly Missing At MF Global

Feds Investigate $600 Million Allegedly Missing At MF Global

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]

Bank CD Opened In 1974, Mysteriously Eaten By Bank Of America

Bank CD Opened In 1974, Mysteriously Eaten By Bank Of America

Laura (no, not me) is trying to track down a 37-year-old certificate of deposit that belonged to her grandparents. This is more difficult than it sounds, since their original bank was gobbled up by progressively larger and larger banks until it became part of…Bank of America. Laura’s grandmother passed away recently, and it bothers her that this situation isn’t resolved. She’s determined to find this lost CD: even though Bank of America alternately claims that there are no records of it, or that her grandfather cashed it in after he died. [More]