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Alternative Market Briefing

Sold Out: How A Private Meeting Between Regulators Gave Away MF Global Investor Protections

Thursday, January 19, 2012

By Mark Melin, Opalesque’s Chicago-based editor of OFI and OFS.

Note: This is the first of three articles that details questionable, behind the scenes meetings and special treatment that negatively impacted investor protections.

- This first article details a critical meeting where core investor protections were jeopardized. - The second article details tampering of critical MF Global documents at the SEC. - The third article provides names, dates and topics of critical meetings that took place between government regulators and Mr. Corzine that likely influenced the outcome of regulatory action.

In Closed Door Meeting Preceding Bankruptcy Filing, JP Morgan and Goldman Sachs Granted Superiority over MF Global Investor Segregated Accounts

Move Jeopardized Integrity of Futures Markets while Top CFTC Officials Acted As Idle Bystander

It seems ironic that after all is said and done, it was a hasty conference call between government regulators on October 31, 2011 that sealed the fate of MF Global segregated account protections – and significantly put in jeopardy the integrity of the futures markets.

A key legal protection providing security to the account segregation process appears to have been given away in a closed door meeting between the Commodity Futures Exchan......................

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