MF Global probe to involve hundreds of millions in funds

US regulators are investigating whether hundreds of millions of dollars are missing from client accounts at MF Global, according to two people with knowledge of the matter.

1st November, 2011
Jon Corzine, chairman and chief executive officer of MF Global

US regulators are investigating whether hundreds of millions of dollars are missing from client accounts at MF Global, according to two people with knowledge of the matter.

The firm, which filed for bankruptcy protection yesterday, was ordered by the enforcement division of the Commodity Futures Trading Commission to preserve records for the review, one of the people said.

MF Global, the holding company for the broker-dealer run by former New Jersey governor and ex-Goldman Sachs...

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