Sat, Nov 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Inaccurate media reports debunked:

Friday, October 12, 2012

amb
Bart Chilton
By Mark Melin, Chicago-based editor of the Opalesque Futures Intelligence monthly reports (OFI).

After a series of unattributed statements in the New York Times claimed an end to the investigation into criminal activity surrounding the illegal transfer of $1.6 billion in MF Global customer assets, the evidence in the criminal case may have found its tipping point.

"The investigation into wrongdoing among MF Global’s top executives is on," said Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton, noting in the exclusive interview that investigators are now aware of potential criminal activity that occurred.

"I’m tired of the he said, she said accountability," the CFTC Commissioner said, as he began to unwind a tale of a lack of accountability and transparency that has eaten away at US financial foundations.

This is the first on the record statement regarding the much rumored investigation into the implosion of MF Global. This event is significant in that it damaged regulated derivative markets more than any other event in history, yet it had been shroud in secrecy. The case involved the illegal transfe......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  3. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  4. New app allows asset managers easy interaction with portfolios, securities, holdings, transaction details[more]

    Komfie Manalo, Opalesque Asia: Global financial services software company SS&C Technologies Holdings has launched Explorer, a powerful data visualization and analysis tool that turns critical investment data into meaningful information. Explore

  5. Opalesque Exclusive: Mariner’s new healthcare mandate applies strategic approach across pharmaceutical and biotech sectors[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A team of two was hired in February this year t