Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||Even Whistleblowing Doesn't Result In Prison Time; entered at 2012-09-12 14:53:26|
There is more to MF Global, just for starters.|
WSJ reported on October 17, 2011 FINRA required a different capital treatment in August retroactive to the July CFTC filing, MFG had a 150 million dollar deficit in required capital. The article reported MFG added capital to the brokerage unit.
As far as whistleblowers and thieves, the UBS whistleblower is the only one who had done time. Thank you Justice Department.
The judiciary has already shown their owners, the Sentinel management ruling that there is no fraud in stealing customer segregated accounts....