Who do they think they are, the NY Fed?
AP
MF Global says it used clients' money
Tue Nov 1, 2011 2:42pm EDT
Nov 1 (Reuters) - MF Global Holdings Ltd ., the futures broker that filed for bankruptcy protection on Monday, has admitted to using its clients' money as its financial troubles mounted, AP reported, citing a U.S. official.
An MF Global executive made the admission to federal regulators in a phone call early Monday, AP reported.
MF Global did not keep its customers' money separate from its own, CME Group CEO Craig Donohue said on Tuesday.
Are Clients of MF Global Insured Against Fraud?
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| Nope, Just Another Small Fry... |
