Regulators Float New Rules After MF Global Meltdown

Law360, New York (December 1, 2011, 6:16 PM EST) -- U.S. securities and futures regulators are considering new rules to prevent a repeat of the MF Global Inc. meltdown and the bankrupt broker-dealer's misplacement of more than $1 billion in customer funds, agency officials told Congress members on Thursday.

Mary Schapiro, chairwoman of the U.S. Securities and Commission, said her agency was considering forcing firms to disclose the type of off-book, repurchase-to-maturity agreements that MF Global used to hide its disastrous bets on European sovereign debt. She told the U.S. Senate Agriculture Committee that the SEC...
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