Regulators Know Where MF Global Funds Went
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Regulators Know Where MF Global Funds Went
Corzine is sworn in to testify about MF Global’s bankruptcy before a US senate committee in Washington, December 8, 2011.
By Christopher Doering
Regulators now have a more complete picture of money transfers in the final days of bankrupt brokerage MF Global, but must sort out which transactions were legitimate before more money can be released to customers, a top official told Reuters on Wednesday.
Jill Sommers, who is heading the Commodity Futures Trading Commission’s review of MF Global, said regulators “are far enough along the trail” that they know where the money went.
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Zero Hedge (15 Dec 11)
