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MF Global Litigation Lacks Investor Protection

 

Recent litigation on behalf of investors burned by the MF Global boondoggle is advancing, but no new provisions are being proposed to protect investors from the next collapse of a financial firm, reports Forbes.

The article maintains that John Corzine, who was in charge of MF Global, was inadequately supervised and questions if the Department of Justice considers Corzine, who  has served as New jersey governor, a former senator and head of Goldman Sachs, as being too big to jail.

Read the full article from Forbes here.

 

Jon Corzine, Governor and former Senator from ...

Jon Corzine, Governor and former Senator from New Jersey.

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