Refco scandal: CFTC gears turning
21 Oct 2005
In the wake of the scandal and subsequent bankruptcy of Refco Inc, Commodity Futures Trading Commission (CFTC) said audits of Refco LLC, the FCM arm of Refco, showed no customer accounts had been harmed.
The news supported the consensus market view that the scandal embroiling Refco was the result of a corporate fraud rather than derivatives-related activity. Refco...
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