15 key players in the MF Global bankruptcy

On the heels of a Congressional report assigning blame for the firm's collapse, we offer our take on the most important executives, officials and regulators involved in the case

Terry Duffy9. Terry Duffy

Executive Chairman of CME Group

Amidst the rather evasive Capitol Hill testimony of MF Global execs such as Edith O’Brien, Henri Steenkamp and Laurie Ferber, Terry Duffy’s remarks before the House Financial Services Committee gave an unexpected jolt to the proceedings. In a surprising turn of events, Duffy testified that Jon Corzine was aware that the company was improperly using customer money, saying, A CME auditor also participated in a phone call with senior MF Global employees wherein one employee indicated that Mr. Corzine knew of the loans made from the customer segregated accounts.”

Some industry participants have criticized the CME Group for failing in its role as MF Global’s designated self-regulatory organization. In response to those allegations, Duffy told Futures in February that “When people are hell-bent on doing things that are improper, they will find ways to do things that are improper…Read my testimony—that shows that we fulfilled our obligations as a DSRO.”

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