US Futures Firms Properly Separated Customer Funds: CFTC

Law360, New York (January 25, 2012, 10:03 PM EST) -- The U.S. Commodity Futures Trading Commission has found that all 70 of the U.S. futures trading firms it reviewed after the collapse of bankrupt brokerage MF Global Inc. had kept their customers’ funds separate from their own, the agency said Wednesday.

The agency conducted the review last fall after the scandal over missing customer funds at MF Global broke. MF Global's ex-CEO Jon Corzine, the former governor of New Jersey and U.S. senator for the state, has since been grilled by Congress over the $1.2 billion...
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