Further details on MF Global wheat losses emerge
07 Mar 2008
by Paul Francis-Grey, Colin Packham
MF Global’s losses have been described as “unfortunate” by much of the industry as the brokerage has appointed a consultant to conduct a forensic investigation of its risk systems.
MF Global revealed that it had uncovered a registered representative who had “substantially exceeded his trading limits in his personal account”, which cost the company $141.5m on February 29 but with further details...