Republican Sens. Skewer CFTC Over MF Global Response

Law360, New York (December 6, 2011, 4:42 PM EST) -- Republican senators castigated the U.S. Commodity Futures Trading Commission on Tuesday for its inability to find some $1.2 billion in customer funds missing from MF Global Inc. and for the agency's apparently cozy relationship with the bankrupt brokerage's former CEO Jon Corzine.

During a Senate Banking Committee hearing, lawmakers grilled CFTC Chairman Gary Gensler over his agency's performance as MF Global's chief regulator and his decision to recuse himself from the investigation into the firm's sudden collapse.

"To me it looks like you're ducking the responsibilities...
To view the full article, register now.