MF Global Collapse ‘Nefarious Or Illegal,' Regulator Says

Law360, New York (November 15, 2011, 3:14 PM EST) -- A U.S. futures regulator said on Tuesday that events leading to MF Global Inc.'s spectacular collapse appear to be "either nefarious or illegal."

Bart Chilton, a Democratic member of the U.S. Commodity Futures Trading Commission, told CNBC that he could not reveal details of his agency's investigation into the downfall of MF Global and its search for some $600 million in client cash missing from the bankrupt brokerage's books. But, to him, the situation seems suspect.

"It looks suspicious as heck to me. It's either nefarious...
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