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SKETCHY Regulator: MF Global Looks Suspicious Brendan McDermid, Reuters / Landov

Regulator: MF Global Looks Suspicious

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.

November 15, 2011 10:19 AM