Most of the senior executives at MF Global Holdings Ltd. weren't registered with commodities regulators, meaning the executives can't be charged with supervision failures related to the firm's collapse.Being an Obama bundler sure helps!
The situation is a headache for regulators as they press ahead with their 7½-month investigation of MF Global.
"Failure to supervise" sanctions generally are much easier to prove than allegations of deliberate wrongdoing, according to legal experts uninvolved in the case. In addition, the probe hasn't yet produced smoking guns that show anyone at MF Global knowingly raided the customer funds that went missing in the firm's final days.
Tuesday, June 12, 2012
Loophole at MF Global Is Headache for Regulators
The Wall Street Journal reports:
