Regulator: MF Global Looks Suspicious

    Image #: 15829834    A man exits the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan New York, October 31, 2011. MF Global Holdings Ltd filed for bankruptcy protection after a tentative deal with a buyer fell apart, marking a stunning failure for Corzine who tried to turn the more than 200-year-old futures brokerage into a mini-Goldman Sachs. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)       REUTERS /BRENDAN MCDERMID /LANDOV

    Brendan McDermid, Reuters / Landov

    A U.S. futures regulator said Tuesday that the activities of MF Global, the financial firm that filed for bankruptcy on Oct. 31, looked “suspicious as heck.” Bart Chilton, a commissioner on the U.S. Commodity Futures Trading Commission, told CNBC, "It's either nefarious or illegal, in my personal opinion.” Neither MF Global nor its former CEO, Jon Corzine, has been charged with crimes. The firm went under because of its risky bets on European debt.

    Read it at Reuters