Regulators Investigating MF Global for Missing Money

Regulators Investigating MF Global for Missing Money

dealbook.nytimes.com — By BEN PROTESS, MICHAEL J. DE LA MERCED and SUSANNE CRAIG

Jon Corzine, the head of MF Global, has rattled investors by taking big bets on the sovereign debt of eurozone countries including Italy and Spain.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.

 

Jon Corzine, the head of MF Global - the brokerage has rattled investors by taking big bets on the sovereign debt of eurozone countries including Italy and Spain.;

 Photo: Reuters

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