Most MF Global Funds Found

first_imgThe chief risk officer when MF Global Holdings Ltd. collapsed is expected to tell a congressional committee that he sounded concerns about the firm’s European sovereign-debt bet in July 2011.Moody’s cut the brokerage’s rating to just above ‘junk’ status on October 24, 2011. That downgrade helped push MF Global into bankruptcy. The Associated Press reported Wednesday that unnamed investigators have located almost all of the 1.2-billion dollars first reported missing when securities company MF Global went under last year. The money has been tracked to other customer accounts and banks. MF Global, headed by former New Jersey Governor Jon Corzine, failed in October, 2011, after a disastrous bet on European debt. SHARE Most MF Global Funds Found Source: NAFB News Service SHARE Previous articleForecast: Crude Oil to See $80 or Lower by Mid-2012Next articleScientists Identify Important Gene in Corn Gary Truittcenter_img By Gary Truitt – Feb 1, 2012 Facebook Twitter Facebook Twitter Scott O’Malia, a Republican commissioner at the Commodity Futures Trading Commission, says the agency has mistakenly concentrated too much on implementing new swaps rules to comply with the 2010 Dodd-Frank law, while short-changing efforts to restore public confidence and protect the futures marketplace. Home Indiana Agriculture News Most MF Global Funds Foundlast_img

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