Corzine says transfers were proper

In response to revelations at previous Congressional hearings former MF Global Chairman and CEO Jon Corzine testified that transfer of millions of dollars to a J.P. Morgan account in London on Oct. 28, was approved by at least one official in MF's back office.

CME Group Executive Chairman Terry Duffy had testified earlier in the week and again on Thursday that a senior MF Global employee had told one of CME Group auditors that Corzine was aware of certain transfers from segregated accounts.

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