http://money.cnn.com/2012/12/23/news/companies/mf-global-trustees-settlement/
Many of the firm's roughly 38,000 customers were left in the lurch after MF Global collapsed in October 2011, when its disclosure of billions of dollars worth of bets on risky European debt sparked panic among investors.
The firm was left scrambling for cash to make
good on its obligations and ended up tapping customer funds, failing to
replace them in violation of industry rules and leaving a shortfall of
$1.6 billion.
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