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Customer Funds

Disgraced CEO's Son: My Father Will 'Endure The Consequences Of His Actions'

Reuters | Posted 11.12.2012 | Business
Read More: Fraud, Customer Funds, Video, Peregrine Financial Group, Reuters, Fbi, Russell Wasendorf Jr., Department of Justice, Pfgbest Scandal, Commodity Futures Trading Commission, Pfgbest, Russell Wasendorf Sr., Business News

* Wasendorf was arrested in July, firm is in bankruptcy * Wasendorf's lawyer asks judge to release him to pastor * Recei...

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Peregrine Financial CEO Left Suicide Note 'That Caused Alarm'

AP | DANIEL WAGNER and JIM SUHR | Posted 09.09.2012 | Business
Read More: Customer Funds, Video, Peregrine Financial Group, Suicide, Brokerage Firm, Fbi, Hedge Fund, Commodity Futures Trading Commission, Pfgbest, Russell Wasendorf Sr., Business News

WASHINGTON — Employees of an Iowa-based brokerage firm that has been unable to account for $220 million in customer money found their boss in hi...

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Brokerage Founder Attempts Suicide As Firm Loses Customer Funds

Reuters | Posted 09.08.2012 | Business
Read More: Foreign Exchange Trading, Customer Funds, Commodities, Video, Reuters, Brokerage Industry, National Futures Association, Mfglobal, Pfgbest, Russell Wasendorf Sr., Business News

By Tom Polansek and David Sheppard CHICAGO/NEW YORK, July 9 (Reuters) - More than $200 million in customer funds appears to be missin...

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Regulaor: 'Corzine Rule' Will Start 'Restoring Public Confidence'

Reuters | Posted 07.29.2012 | Business
Read More: Customer Funds, Jon Corzine, Commodities Futures Trading Commission, Mf Global Collapse, Video, Corzine Rule, Reuters, MF Global, Mf Global Bankruptcy, The National Futures Association, CME Group, Business News

CHICAGO, May 29 (Reuters) - Futures brokers would need to get approval from a top executive before making big withdrawals from customer accounts und...

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MF Global Exec: I Plead The Fifth

Posted 03.28.2012 | Business
Read More: Customer Funds, Fifth Amendment, Congress, Video, New Jersey, Jpmorgan, Self-Incrimination, Chief Financial Officer Henri Steenkamp, MF Global, House Financial Services Oversight Subcommittee, Lawmakers, Job Corzine, General Counsel Laurie Ferber, Business News

WASHINGTON — A former MF Global executive has refused to answer lawmakers' questions about $200 million that was transferred out of a customer accou...

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After MF Global, Regulator Tells Smaller Firm: 'Don't Screw With Customer Funds'

Reuters | Posted 05.13.2012 | Business
Read More: U.S. Commodity Futures Trading Commission, New York COMEX Exchange, Customer Funds, JPMorgan Chase, Video, Bankruptcy, Lehman Brothers, MBF Clearing Corp, CME Group Inc, Reuters, Nymex, Cftc, Mark Fisher, Business News

* CFTC says JPMorgan account held unsegregated funds * Tens of millions of dollars commingled--CFTC * MBF says no custom...

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Jon Corzine Disputes Notion He Knew About Misused Customer Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.14.2012 | Business
Read More: Goldman Sachs Group Inc., Customer Funds, Jon Corzine, Video, Bankruptcy, CME Group Inc, MF Global, House Financial Services Oversight and Investigations Subcommittee, Regulators, U.S. Treasury Security, Federal Reserve Bank of New York, Lawmakers, Commodity Futures Trading Commission, Justice Department, Terrence Duffy, Business News

WASHINGTON — Jon Corzine's three days of testimony on MF Global's collapse offered little to satisfy lawmakers or clients who lost millions when...

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