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Posts Tagged ‘validity of auction-rate securities market’

What Happened to the MF Global Customer Funds?

Posted by Larry Doyle on November 9th, 2011 6:59 PM |

How is that $600+ million of customer funds disappears from a bankrupt brokerage firm and it is not THE perpetual lead story in every financial periodical?

I know there is a lot going on in the world but this story blows them all away because it strikes at the very heart of our financial markets.

If customers do not have a deep faith and strong belief that their assets are segregated and protected why would any customer maintain an account with any broker? I wouldn’t.  (more…)






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