Unauthorized Futures Trades Cost Firm $141.5M
Chicago-based futures broker MF Global said on Thursday that it had terminated the employment of Evan B. Dooley, a trader who had worked at the firm since 2005.
Due to a loophole in one of the firm's trading mechanisms, Dooley was able to make a series of risky investments in wheat futures using the firm's money.
The firm said on Thursday...
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