JPMorgan could exhibit missing MF universal funds
WSJ reports:The communication suggests with the purpose of officials on JPMorgan, which unfurnished nearly trades in favor of MF worldwide, had turn into concerned with the purpose of the securities stable might grasp gotten the money by plummeting into customer funds. Commodity Futures Trading Commission rules prohibit futures brokers from using customer money on behalf of their own trading purposes…. The correspondence indicates so as to JPMorgan officials knew the money came from segregated customer accounts, for the reason that it specifically asked whether the move of funds from customer accounts was compliant with regulations.