MF Global Customers Finally See Funds Returned

Mark Melin

Published onApril 3, 2014

Updated on May 13, 2021

Customers who deposited their assets at the brokerage firm MF Global Holdings Ltd (OTCMKTS:MFGLQ) will receive all their money back after it was initially “lost.” After a nearly half year battle, the majority of the money was “found” in 2012, much of it at JPMorgan Chase & Co. (NYSE:JPM).

Table of Contents

A trade that ultimately was a winner but starved the company of cash

MF Global Holdings Ltd (OTCMKTS:MFGLQ) was operated by former New Jersey US Senator and Governor Jon Corzine, who also was briefly president of Goldman Sachs Group Inc (NYSE:GS).

Corzine made a highly leveraged...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

MF Global Customers Finally See Funds Returned

A trade that ultimately was a winner but starved the company of cash

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