JPMorgan may perhaps bear missing MF universal funds
MF comprehensive had a store explanation with JPMorgan, which and clear trades instead of the partnership. whilst fat fiscal losses by MF comprehensive and a following accept downgrade caused panicked investors to withdraw their funds, the futures trading compress was unable to shell out its creditors. seeing that a consequence, MF comprehensive overdrew single of its proprietary trading accounts with JPMorgan taking part in London. The banking giant asked pro the money, and MF macro repaid the company using customer funds. The tap down is additionally supposed of using money belonging to its clients, many of which were farmers, ranchers and other small business owners, to settle its amount outstanding with other trading partners. Corzine invokes Sergeant Schultz plea on missing MF total moneyCorzine testimony: on one occasion a trader, each time a traderJon Corzine: How MF total came up twist eyes under his watchThese developments raise by the side of slightest three pitch questions.