CFTC Head Pledges Action Over MF Global Meltdown

Law360, New York (November 3, 2011, 2:45 PM EDT) -- The head of the U.S. Commodity Futures Trading Commission said Thursday that the regulator would take “all appropriate actions” to maximize fund recoveries for customers of bankrupt MF Global Holdings Ltd. and discover the reason for a potential $700 million shortfall in segregated customer money.

CFTC Chairman Gary Gensler, testifying during a U.S. Senate hearing on a new CFTC rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act to combat excessive speculation in commodity markets, said the most troubling aspect about MF Global's downfall...
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