MF Global controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
Customer-funds shortfall and commingling
After the bankruptcy filing, investigators examined transfers totaling more than $891 million from customer-related accounts and the use of customer money to address firm and affiliate liquidity needs.
2011
Leveraged European sovereign-debt exposure
MF Global's large, leveraged holdings of European sovereign bonds and extensive repo financing contributed to its liquidity crisis and became central to investigations into the collapse.
2008
Unauthorized trading and control failures
An employee's unauthorized wheat-futures trading generated a large bad-debt provision and led to regulatory penalties, raising questions about risk controls and supervisory systems.