According to BusinessInsider last week, 17 U.S. senators signed off on a letter sent to U.S. Attorney General Eric Holder calling for more immediate and extensive action into the MF Global investigation, including "criminal prosecution" if illegal action is uncovered. [via BringMeTheNews.com]
The letter comes in the wake of a flurry of high-profile congressional hearings on the MF Global bankruptcy and revealing media reports into e-mails concerning client money transfers in the brokerage firm's last days.
The MF Global bankruptcy has drawn increasing scrutiny from Capitol Hill as the $1.2 billion shortfall in segregated customer account funds remains missing. Currently, regulators are looking into the legality of fund transfers from client accounts and whether they were done intentionally.
Read more: http://www.businessinsider.com/us-senators-send-attorney-general-letter-in-mf-global-case-2011-12
No comments:
Post a Comment