Regulators have unearthed new details indicating MF Global Holdings Ltd. shifted hundreds of millions of dollars in customer funds to its own brokerage accounts in the days before its bankruptcy filing, people familiar with the matter have told the Wall St Journal.
Such moves could violate regulations stipulating that commodities brokers can't mix customer funds with brokerage funds. Brokerage funds often are used to back proprietary trading positions.
According to MF Global's internal records, the transactions were as large as hundreds of millions of dollars at a time, these people said….
Read more at http://online.wsj.com/article/SB10001424052970204517204577044481154710176.html?mod=business_newsreel
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