MF Global Told JP Morgan That Using Customer Funds Was OK
01/17/2012 in General
MF Global gave JP Morgan assurance that the failed brokers transfer of customer funds to pay an overdraft was allowable: The assurance was given by an MF Global treasurer, Edith O’Brien, or someone in her office, after JPMorgan wrote asking for confirmation that the transfer was in accordance with regulations, said the person, who declined [...]
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