The notion that customer assets were safe was a sham. ... THE ERROR OF MF.GLOBAL; ...Mr. Malec said. “The whole scandal really opened the eyes of the futures industry participants. Everyone had assumed that segregated funds were sacred, and why not? Prior bankruptcies had always been resolved without clients losing money. MF Global was a disaster, but we believe the end result will be a stronger, better futures industry.”
The notion that customer assets were safe was a sham. ... THE ERROR OF MF.GLOBAL; ...Mr. Malec said. “The whole scandal really opened the eyes of the futures industry participants. Everyone had assumed that segregated funds were sacred, and why not? Prior bankruptcies had always been resolved without clients losing money. MF Global was a disaster, but we believe the end result will be a stronger, better futures industry.”
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