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Susan Walsh/Associated Press Jon Corzine, on Capitol Hill in 2011 to testify about MF Global's bankruptcy...Corzine, the embattled former New Jersey politician accused of a failure to supervise at the helm of the brokerage firm MF Global, is fighting
Corzine decisions felled MF Global, according to probe led by U.S. The Record MF Global Holdings Ltd. collapsed last year because of mistakes made by former chairman and chief executive officer Jon S. Corzine, according to a summary of findings from
Billy Hunt is a veteran Chicago trader who specializes in the riskiest type of options deals. Yet it's the supposedly safe money in his brokerage account that keeps him up at night. A year after the collapse of MF Global cost him $1.9 million, Hunt
00 pm Jonathan Ernst/Reuters Jon Corzine, the former chief of MF Global, at a House panel last year. A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading
The financial industry is in an almost-constant battle to soothe investors unnerved by recent scandals. Monday brought another example. The CME Group said it was exploring the idea of having brokerages separate their customers'
The suggestion comes as the collapse of two brokerages, MF Global in October and Peregrine Financial Group this month, are still fresh. In both cases, customer money disappeared by the time the companies filed for bankruptcy protection. Brokerages
Despite the warning, MF Global continued to transfer customer money without fully disclosing the potential problem to regulators, said the people, who spoke on the condition of anonymity because they were not authorized to speak publicly. The
It's been like banging your head against the wall and getting nowhere, said Mr. Kaplan, who like most other MF Global clients has received only 72 percent of his money...I figured, Oh good, I got out.' The client group, in its memo to investigators
A former MF Global executive is refusing to answer lawmakers' questions about more than $1 billion in customer money that vanished in the days before the firm collapsed, invoking her Fifth Amendment right against self-incrimination.
Morgan Chase & Co. officials about a large transfer of customer funds to the bank shortly before the securities firm collapsed, according to prepared testimony from a J.P...The testimony by Diane Genova, deputy general counsel for J.P. Morgan,