Posted by Reuters: Business News on February 6, 2012
(Reuters) – In its chaotic final days, MF Global’s floundering brokerage used increasingly large chunks of customer money in an effort to keep the company afloat, creating a massive shortfall in customer funds, the trustee liquidating the brokerage has found.
Posted by The PIPEs Report on February 1, 2012
Philadelphia Brokerage and Emerging Growth Equities are arranging a $10 million registered direct of…
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Posted by Reuters: Business News on January 30, 2012
(Reuters) – The federal judge overseeing MF Global Holdings Ltd’s bankruptcy appointed one law firm to represent brokerage employees who claimed to be fired unfairly, ending a “vitriolic battle” for that role.
Posted by Reuters: Business News on January 12, 2012
NEW YORK, Jan 12 (Reuters) – Former customers of MF Global Holdings Ltd’s collapsed brokerage were disappointed to hear on Thursday that the trustee hunting for funds missing from their accounts has no immediate plans to transfer more money to them.
Posted by Reuters: Business News on January 11, 2012
HONG KONG/TOKYO (Reuters) – The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan’s top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.
Posted by Reuters: Business News on December 8, 2011
WASHINGTON (Reuters) – Jon Corzine, the former chief executive officer of MF Global, apologized to a U.S. House panel on Thursday for the collapse of the brokerage and said he was “stunned” when he first learned customer funds were missing.
Posted by Reuters: Business News on December 7, 2011
WASHINGTON (Reuters) – Lawmakers examining the collapse of MF Global skewered the top U.S. futures regulator for sitting out his agency’s probe of the bankrupt brokerage, whose former chief executive, Jon Corzine, is due to face his own drubbing later this week.
Posted by Reuters: Business News on November 30, 2011
(Reuters) – The CME Group on Wednesday fought back against criticism it has not done enough to protect customers whose money has gone missing in the collapse of brokerage MF Global Holdings Ltd .
Posted by Reuters: Business News on November 28, 2011
(Reuters) – Defections from Morgan Keegan are slowly hollowing out the $1.5 billion brokerage, which has recruited almost no experienced hires to fill the gaps left by advisers who have left since June.
Posted by Reuters: Business News on November 25, 2011
WASHINGTON (Reuters) – Former MF Global Chief Executive Jon Corzine is expected to testify at a congressional hearing next month, a committee aide said on Friday, tamping down speculation that the former head of the bankrupt brokerage would decline to take part.
