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Mysterious MF Global Under Investigation Rich Schultz / AP Photo

MF Global Under Investigation

Federal regulators are investigating MF Global after discovering that hundreds of millions of dollars in customers' money has gone missing in recent days. Initially, close to $1 billion was said to be missing, but the figure was revised to less than $700 million by late Monday. The company filed for bankruptcy-court protection on Monday, and investigators are checking whether MF Global attempted to use customers' money to support its own trades. News of the missing money derailed the company’s last-ditch effort to sell a major part of itself to a competing brokerage firm. MF Global has not yet been accused of any wrongdoing.

October 31, 2011 8:44 PM