Senate Republicans Blast Regulators On MF Global

Law360, New York (April 24, 2012, 2:01 PM EDT) -- Senate Republicans on Tuesday continued their fusillade of criticism against the U.S. Commodity Futures Trading Commission, in particular Chairman Gary Gensler, over their failures in the run-up to commodities broker MF Global Inc.'s October failure.

At a hearing of the Senate Banking Committee, Sen. Richard Shelby of Alabama, the committee's ranking Republican, blasted the CFTC, the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority and the Chicago Mercantile Exchange for not catching that MF Global had lost as much as $1.6 billion in segregated...
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