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Mf Global Corzine

CHARGED

Reuters | Posted 06.27.2013 | Business

WASHINGTON (Reuters) - Regulators on Thursday settled charges against MF Global over the futures brokerage's collapse, and also charged former Chief E...

Renewed Hope That Jon Corzine, President Obama's Top Tier Campaign Bundler, Will Face Criminal Charges

Janet Tavakoli | Posted 07.01.2012 | Politics
Janet Tavakoli

Even if all of the MF Global money is eventually clawed back and recovered, this remains an impermissible act. People have been denied access to their money, and businesses and reputations have been tarnished. So far, no one has been held accountable.

MF Global's Insurance Money Could Pay For Corzine's Defense

Reuters | Posted 06.02.2012 | Business

* MF trustee seeking release of $25 mln in insurance funds * Policies cover liability from acts of directors, employees ...

MF Global Exec To Testify On Missing Customer Funds

Reuters | Posted 05.26.2012 | Business

* General counsel Ferber to testify on Wednesday * Says unaware of irreconcilable shortfall until final hours * Says res...

Corzine Gave 'Direct Instructions' To Transfer Hundreds Of Millions From Customer Account

AP | MARCY GORDON | Posted 05.23.2012 | Business

WASHINGTON — A former MF Global executive appears to contradict testimony from Jon Corzine, saying the former senator and New Jersey governor or...

After Refusing To Appear Voluntarily, MF Global Exec Subpoenaed By Congress

AP | Posted 03.22.2012 | Business

WASHINGTON -- A congressional panel has voted to subpoena an MF Global executive to testify about what took place at the brokerage firm before it coll...

MF Global Transfer Of Astonishing Size Approved In Single Minute

Posted 03.01.2012 | Business

Apparently at MF Global, moving hundreds of millions of dollars around is the type of decision you don't spend too much time on. Five days before ...

MF Global Collapse Triggers Regulator To Consider Changing Rules

Reuters | Posted 04.02.2012 | Business

* CFTC review of oversight in response to MF Global collapse * Some changes may require rule-making, action from Congress ...

Investigators Found Most Of MF Global's Missing Money

AP | By DANIEL WAGNER | Posted 04.02.2012 | Business

WASHINGTON -- Most of the $1.2 billion reported missing from the failed brokerage MF Global has been traced to customer accounts and banks, people bri...

Report: Investigators Have Found MF Global Missing Money

The New York Times | Ben Protess and Azam Ahmed | Posted 02.01.2012 | Business

Investigators have determined what happened to nearly all of the customer money that disappeared from MF Global around the time of its bankruptcy last...

Report: Missing MF Global Funds May Have 'Vaporized'

Posted 01.30.2012 | Business

Jon Corzine still doesn't know where the money is, and it seems nobody else does either. A "significant amount" of the missing $1.2 billion in MF ...

Ex-MF Global CEO Reportedly Shopped For French Mansion During Firm's Collapse

The Huffington Post | Jillian Berman | Posted 01.05.2012 | Business

As MF Global inched towards collapse, CEO Jon Corzine pre-occupied himself with a few other things -- namely securing a chateau for him and his wife i...

MF Global Collapse Puts Spotlight On Clearing Houses

Posted 12.23.2011 | Business

LONDON (Reuters) - The collapse of U.S. futures brokerage MF Global has brought to light inconsistencies in the way clearing houses operate, prom...

As MF Global Teetered On Collapse, Firm Drew Up Survival Guide

Posted 12.14.2011 | Business

WASHINGTON (Reuters) - Just days before it declared bankruptcy on October 31, MF Global concluded it could remain solvent even if a major ratings ...

Ex-MF Global CEO Tells Senators He Never Authorized 'Misuse' Of Client Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.12.2012 | Business

WASHINGTON — A financial-exchange executive said Tuesday that Jon Corzine might have known that MF Global tapped clients' money to lend to a Eur...

Corzine Warned About Europe Bets Before MF Global Collapse

Posted 12.06.2011 | Business

A top official within MF Global warned the company's former CEO John Corzine about the firm's growing bet on European bonds -- a risk that likely plun...

Regulator OK's Rule Restricting Use Of Clients' Money In Wake Of MF Global Collapse

AP | MARCY GORDON | Posted 02.04.2012 | Business

WASHINGTON — A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action c...

MF Global Mixed Customer Accounts, Transferred Funds Abroad

Posted 12.03.2011 | Business

WASHINGTON (Reuters) - Regulators investigating the collapse of MF Global have determined that the firm combined money between securities and futu...

Former FBI Director Appointed Trustee In MF Global Bankruptcy Case

Posted 11.26.2011 | Business

(BEN BERKOWITZ, Reuters) - Former FBI director Louis Freeh was appointed trustee in the MF Global (MFGLQ.PK) bankruptcy case on Friday, days after...

Again? Throw the Bums Out!

Michael Farr | Posted 01.21.2012 | Business
Michael Farr

What should we expect of firms like MF Global and Merrill Lynch and Morgan Stanley? It's really not that complicated. The ethical standards are pretty clear.

Judge Approves Payout To MF Global Clients Worth Hundreds Of Millions

Posted 11.17.2011 | Business

The trustee liquidating MF Global Holdings Ltd's (MFGLQ.PK) broker-dealer unit won court permission to distribute $520 million of cash, providing ...

What MF Global Can Teach You About Investing

Dan Solin | Posted 01.08.2012 | Business
Dan Solin

About 150,000 customer accounts were frozen by the trustee in charge of liquidating MF Global. These customers face long delays in resolving this mess. You can learn some valuable lessons from this debacle.

MF Global Proves We Are All Still at the Mercy of Bankers

Daniel Dicker | Posted 01.07.2012 | Business
Daniel Dicker

The explosion of MF Global continues to cause ripple effects of the type we've seen before, and not in a good way, three years ago. Let me bring you up to date on this largely unreported, but still quite potent and ticking time bomb.

After Bankruptcy, CEO Resigns From Securities Firm

Posted 01.04.2012 | Business

MF Global Holdings Ltd Chief Executive Jon Corzine resigned, four days after the futures brokerage filed for bankruptcy protection. In a statem...

Lessons From MF Global

Jared Bernstein | Posted 01.02.2012 | Business
Jared Bernstein

The unraveling of MF Global provides a stark reminder of why we need to implement the Dodd-Frank financial reform legislation, a policy that every Republican candidate for president has promised to repeal.