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FBN’s Peter Barnes with news that MF Global Trustee James Giddens is seeking civil fines from executives.
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OK but.
Former MF global clients Khan JPMorgan.
To refine their missing MF global money Peter Barnes joins us now.
Inside the beltway where congress of course he's got -- act Peter.
Well -- -- a group called the commodity customer coalition representing 8000 MF global customers says JPMorgan Chase.
Did not follow proper procedure and requesting MF global transfer.
200 million dollars to the bag just before MF global declare bankruptcy the customer said that JPMorgan Chase itself.
Repeatedly requested a sign that statement from MF global confirming that the money did not belong -- customers the customers say quote.
But -- in this this coalition no one -- MF global signed the requested comfort letter affirming that the funds transferred worked lawfully transferred JPMorgan Chase has repeatedly said.
It did nothing wrong Dennis.
OK now we learn anything new today Peter in the hearing on the yeah I hear there -- just wrapped up here some of the highlights the chief commodities regulator the CFTC says its investigation continues into the well one point six billion dollar shortfall customer -- but it has reached no conclusions yet.
It also expects to make changes to rules too bright better protect customers and the chief of the CME the commodities it can exchange.
Said again today that MF global executives broke the law.
-- Peter -- thank you very much -- live from wash.
