The latest news on the MF Global bankruptcy and fallout, published in the John Lothian Newsletter (subscribe here) the morning of December 20, 2011.
In the wake of the MF Global bankruptcy, John Lothian Newsletter has created a special section on JohnLothianNewsletter.com devoted to news, information and commentary. The section features archived news stories featured in the John Lothian Newsletter, analysis and breaking news. Check regularly for updates. See the MF Global news section here.
MF Global’s U.K. Staff Face ‘Threats of Violence,’ KPMG Says
By Kit Chellel – Bloomberg
Dec. 19 (Bloomberg) — MF Global Holdings Ltd’s U.K. employees have received threats amid claims the broker misused client funds before it collapsed, the company’s administrators told a London court.
Why ‘self-regulating agency’ is an oxymoron
New York Post
MF Global has never been disciplined by the National Futures Association. And as far as I can tell, neither has Goldman Sachs, Merrill Lynch, Citigroup, JPMorgan Chase, Barclays Capital, HSBC Securities or any of the biggest futures traders on Wall Street. The NFA, you see, is one of those self-regulatory…
The Walsh Agency offers help to former MF Global APs
The Walsh Agency, which provides ethics and anti-money laundering training and certifications to members of the futures and securities industries, is offering to help ex-MF Global brokers as they transition to new firms. APs who have received certification from the agency, and need fresh copies of their declarations and certifications, can get them from the agency at no charge. In addition, the agency will include a copy of their latest sales manual, How to Sell Futures, at no charge to help them begin the rebuilding process. Help with past certifications and new inquiries can be made to John Walsh at The Walsh Agency, at WalshAMLEthics@gmail.com, or (269) 945-8920.
**** John Walsh is a good guy. Take him up on his offer.