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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Jon Corzine. Michael Roseman

Missing money at MF Global may never be recouped

Posted by RJ and Makay on Jan 30, 2012

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MF GlobalA “significant amount” of the missing $1.2 billion in MF Global funds may have “vaporized” during the brokerage’s final chaotic days, according to the Wall Street Journal.  Regulators, investigators and court-appointed trustees involved in the search for the missing funds believe the bulk of the missing money may never be recovered.