Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global, prompting an investigation into the brokerage firm, which is run by Jon Corzine, the former New Jersey governor. MF Global confirmed Monday that the Commodity Futures Trading Commission and the SEC -- had "expressed their grave concerns" about the firm's viability. By midmorning on Monday, the firm filed for bankruptcy. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.