Wednesday, April 18, 2012

The MF Global Mess: Senate Banking Committee to Hold Hearing


A former director of the FBI who has come under fire as the bankruptcy trustee for MF Global will appear next week before a Congressional panel examining the collapse of the brokerage firm.

Louis Freeh, who has the responsibility of returning assets to creditors of the commodities brokerage firm, is expected to testify alongside regulators as well as another trustee responsible for the return of missing customer money. The two trustees, whose missions in some ways are at odds, have been facing off over the privacy of documents and the distribution of assets.

The hearing, slated for April 24 before the Senate Banking Committee, will be the sixth Congressional inquiry stemming from MF Global’s bankruptcy and the disappearance of customer money….
http://dealbook.nytimes.com/2012/04/17/senate-banking-committee-to-hold-mf-global-hearing/?nl=business&emc=edit_dlbkam_20120418

No comments:

Post a Comment