MF Global Customers Want JPMorgan Forced To Return Funds

Law360, New York (April 23, 2012, 6:23 PM EDT) -- Commodity customers of MF Global Inc. on Monday urged U.S. authorities to force JPMorgan Chase Bank NA to relinquish hundreds of millions in customer funds MF Global transferred to the bank before it collapsed and impose tougher penalties against JPMorgan and other “corporate bad actors.”

The Commodity Customer Coalition pressed lawmakers, regulators and federal prosecutors in a letter to demand that JPMorgan immediately disgorge all MF Global customer property. The coalition, formed in response to MF Global's demise, also urged lawmakers and regulators to impose escalating...
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