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Tuesday, January 10, 2012

Forbes Follows Up on EPJ Report On Suspicious MF Global Filing Practices

Following up on the report of EPJ's Bob English on suspicious filing practices surrounding MF Global documents, Francine McKenna comments at Forbes:

Instead of looking out for MF Global investors – and customers who are still waiting for their money – it looks like regulators and the bankruptcy trustees are busy suppressing information. Instead of full transparency, regulators and the trustees are holding onto crucial details that might tell us all who was asleep at the wheel when the broker/dealer and futures commission merchant (FCM) headed over the cliff.

Bob English, an independent trader and contributing editor to the blog, Economic Policy Journal, published a post this morning that raises serious questions about the Securities and Exchange Commission’s program of regulation for broker/dealers and, in particular, the agency’s role in keeping the truth from the public about what went wrong at MF Global.

McKenna continues:

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