This article originally appeared in Futures Magazine. BY DANIEL P. COLLINS, MICHAEL MCFARLIN The PFGBest revelation raises serious questions about the safety of the U.S. Futures industry. One of the themes that had been struck throughout the MF Global mess is that the safety of segregated funds had been absolute up until that “one-off” event. Now, apparently customer segregation

This article originally appeared as a Reuters dispatch. By David Sheppard and Tom Polansek NEW YORK/CHICAGO | Tue Jul 10, 2012 12:08am EDT (Reuters) – Less than nine months after MF Global’s collapse sent shockwaves through U.S. futuresbrokerages, news that more than half the customer funds at Iowa-based PFGBest are missing is threatening to shatter the fragile confidence

The auction “might raise the [recovery] rate for some of the smaller clients,” said John Roe, leader of the Commodity Customer Coalition, which represents more than 8,000 MF Global clients. “I can’t see how it will help institutional clients. Those clients are much better off doing a direct deal with a buyer.” Read the rest

This article originally appeared in Futures Magazine. BY DANIEL P. COLLINS The Commodity Customer Coalition (CCC) made numerous policy recommendations, warned that MF Global may not be an isolated incident and leveled serious charges against JPMorgan and others in presenting its “Recommendations on the Policy Response to the MF Global Bankruptcy,” to the Senate Committee on Agriculture, Nutrition

This article originally appeared as a Reuters dispatch. By Nick Brown NEW YORK | Fri Jun 1, 2012 4:59pm EDT (Reuters) – Former MF Global Holdings Ltd (MFGLQ.PK) customers are hoping to get fresh information on Monday about where their money went and for an update on efforts to get it back. Trustee James Giddens, who is

This article originally appeared in Futures Magazine. By Daniel P. Collins | June 1, 2012 After six months and several leaks regarding a low probability of any criminal indictments coming out of the MF Global investigation, Rep. Michael G. Grimm (R-N.Y.) and the Commodity Customer Coalition  (CCC) have called on Attorney General Eric Holder to appoint an independent counsel to take

This article originally appeared in the May 30, 2012 edition of the Wall Street Journal. By DAN STRUMPF Some customers of failed MF Global Holdings Inc. MFGLQ +18.75% are facing a new woe: An avenue that held out hope of a quick recovery has some potholes. Since the financial firm collapsed last year, most customers of the brokerage have received a

This article originally appeared in the New York Post. What does it take to get prosecuted in this town? Just how many federal regulators have pored over financial documents and calling records, dissected trading ledgers for suspicious money movements and probed years of voice mails and e-mails, to no avail? Oh, to be sure, a

This article originally appeared in Futures Magazine. BY DANIEL P. COLLINS Rep. Michael G. Grimm (R-N.Y.) will be joined by other members of Congress and former MF Global customers tomorrow at a press conference in Washington D.C. outside the Capitol Building to officially call for an independent counsel to take over the investigation of the MF Global collapse.

This article originally appeared on WallStreetonParade.com. By Pam Martens: April 27, 2012  Jon Corzine, former CEO of MF Global, the financial firm that collapsed with a $1.6 billion hole in customer accounts, has wealth, a top criminal attorney, and political clout in Washington.  But there’s another lesser known John in the MF Global story who