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Posts Tagged ‘SEC net capital rule 15c3-1’

Regulatory Insider: How/Why MF Global Failed Recommended

Posted by Larry Doyle on November 16th, 2012 9:20 AM |

We all know that MF Global failed because it had put on massive bets on sovereign bonds in the Euro-zone. There has to be more to it than that, though, right? Yes, indeed.

Wasn’t Dodd-Frank passed in mid-2010 supposed to limit the leverage that could be utilized by banks and broker-dealers? How and why was MF Global able to leverage itself upwards of 50 times in bets placed in late 2010 and throughout the better part of 2011?

Let’s navigate and go over the financial regulatory wall to learn the answers to those questions from a regulatory insider. This insider recently wrote to me and offered the following: (more…)

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