MF Global Holdings

MF Global judge questions then approves added defense funds for Corzine

August 22, 2014

Glenn said earlier this year that he expected an initial $30 million allocation to cover all costs. But with the total now approaching double that, the matter hasn’t moved past discovery yet.

Why Corzine must be held accountable

By Daniel P. Collins | February 11, 2014

The MF Global debacle was really a slow motion car crash. There were numerous red flags going back a year and the bottom line is that according to the initial bankruptcy filing, there was capital within MF Global Holdings to cover the shortfall in customer segregated funds but the appropriate regulatory authorities did not demand those assets

MF Global & Jon Corzine: Yes this is a big deal

By Daniel P. Collins | December 25, 2013

The CFTC is not just one of many financial regulators charged with finding financial fraud on big bad Wall Street. ... It is charged with overseeing the U.S. Futures markets

Corzine was the one who lacked supervision

By Daniel P. Collins | December 25, 2013

The world of futures is often a mystery to people outside of it. Only when a case such as MF Global explodes on the scene does the larger media world take notice.

CFTC takes action against MF Global, Corzine and O’Brien, finally

By Ginger Szala | August 1, 2013

Almost 20 months after the fateful fall of MF Global, the regulator files its complaint against MF Global as well as CEO Jon Corzine and Assistant Treasurer Edith O’Brien. MF Global will settle, but Corzine and O’Brien may fight on.

CFTC loses focus

By Daniel P. Collins | October 3, 2012

When my kids are acting particularly nutty and inattentive, my wife looks them in the eye and says, “focus, you need to focus.”

Additional questions for Jamie Dimon

By Stanley Haar | June 21, 2012

The Golden Rule of government, “Whoever has the gold makes the rules,” was on full display in Washington over the past week as JP Morgan’s Jamie Dimon appeared at hearings

Is now the time to put screws to JP Morgan?

By Daniel P. Collins | June 5, 2012

James Koutoulas made an interesting claim in a conversation with CNBC last week. He indicated that he has inside information from sources within JP Morgan that the bank is holding up to $600 million in former MF Global customer money.

Regulatory leadership in action

By Daniel P. Collins | May 1, 2012

Looking at the continuing MF Global mess the one thing becomes clear is a lack of leadership and accountability across the board

Is MF Global just slow motion wreckage?

By Ginger Szala | May 1, 2012

Although high-frequency trading has become the whipping boy of regulators and the godsend of exchanges, it seems a better villian of market instability is the bankruptcy of MF Global.

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