Keeping An Eye On MF Global Fallout

Law360, New York (November 22, 2011, 12:17 PM EST) -- On Oct. 31, the MF Global enterprise collapsed into bankruptcy and a number of related insolvency proceedings. Amid allegations of improper commingling of customer accounts and rumors of misbegotten proprietary Eurobond trades, two unregulated entities — MF Global Finance USA Inc. and MF Global Holdings Ltd. (the Unregulated Debtors) — filed voluntary bankruptcy petitions on Oct. 31, 2011.

Later the same day, the Securities Investor Protection Corporation filed a complaint in the U.S. District Court for the Southern District of New York, seeking appointment of a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.