JPMorgan, MF Global Lobbied For Rules That Backfired

When A Lobbying Win Turns Into A Huge Loss

MF Global Holdings Ltd. argued in a December 2010 letter to regulators that futures brokers didn’t need tighter restrictions on how they invest client funds. Ten months later, as MF Global filed for bankruptcy, about $1.6 billion in customer accounts was missing.

Popular in the Community

Close

What's Hot