The liquidation of MF Global resulted in 1,066 layoffs this past week. After MF Global filled for bankruptcy on October 31st of this year, the court appointed trustee has been overseeing the brokerage firm. FBI investigators are investigating the company and searching for $600 million missing in customer money. The CME group pledged $300 million to aid MF Global’s current customers. However, the recent lay-offs will not make up for the missing money.
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Editorial Staff
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