U.S. regulators' estimate of the shortfall in MF Global's accounts has declined but it is still at several hundred million dollars, a source told Reuters on Wednesday.
"The company originally disclosed a $900 million shortfall and that's going to be moving around as money comes back into these accounts," said a federal official not authorized to speak publicly. "It's dropped some, but it's going to be a fluid thing," the source said. "We do know there was a shortfall ... and that is where things stand. We don't know why there was a shortfall or where it went." The investigation is continuing and regulators have not been able to determine if customer funds were used for the firm's own financial needs.
MF Global's meltdown made it the biggest U.S. casualty of Europe's debt crisis, and the seventh-largest bankruptcy by assets in U.S. history…
http://www.reuters.com/article/2011/11/02/us-mfglobal-investigation-idUSTRE7A172620111102
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