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…)
Tags: Andy Abraham, bankruptcy of MF Global, caveat emptor, Commodity Trade and Trend Following, Forbes Robert lenzner MF Global Use of Customer Funds, Francine McKenna of Forbes, integrity of ratings process, integrity of segregated accounts, is anything safe on Wall Street, Jon Corzine MF Global, MF Global Assets Have Left the Building, MF Global Customer funds, sanctity of segregated accounts, Shepherd Smith Edwards and Kantas, validity of auction-rate securities market, value of SIPC insurance, what happened to MF Global customer funds, where are the MF Global customer funds
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