OCTOBER 31, 2011, 6:57 PMLEGAL/REGULATORY
Regulators Investigating MF Global for Missing Money
BY BEN PROTESS, MICHAEL J. DE LA MERCED AND SUSANNE CRAIG
9:55 p.m. | Updated
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday.
The recognition that money was missing scuttled at the 11th hour an agreement to sell a major part of MF Global to a rival brokerage firm. MF Global had staked its survival on completing the deal. Instead, the New York-based firm filed for bankruptcy on Monday.
Read full story here: http://dealbook.nytimes.com/2011/10/31/regulators-investigating-mf-global/
luckily I was one step slower. I was going to trade with MF Global.
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