Safeguarding funds after MF Global scandal

April 2012
Western Farm Press Exclusive Insight;4/10/2012, p9
The article reports on the preliminary recommendations issued by the U.S. National Grain and Feed Association (NGFA) as of April 2012 for safeguarding segregated customer funds in the aftermath of the MF Global bankruptcy. The NGFA states that the recommendations will improve reporting, transparency, and accountability in handling customer funds. There was an estimated 1.6 billion U.S. dollars customer-segregated funds allegedly misallocated prior to the bankruptcy filing of MF Global.


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