1. MF Global Missing Hundreds of Millions of Customer Money
... yet, as head of the brokerage firm, it is his duty to assess and manage customer accounts each and every day (Protess). "It's kind of considered the third rail of the brokerage industry that when you're holding your customers' funds in their names, you don't touch them - even in an emergency situation when you're running short of cash," said Darrel Duffie, a Stanford ... University Graduate School of Business professor (Brush). Corzine originally took the head job at MF Global after unsuccessfully running for re-election in New Jersey's elections for ... 's assets, but they backed out a...
- Word Count: 812
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate