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THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

$1.2b may be missing for MF Global clients

Clients at MF Global’s office in Singapore early this month were told their funds were frozen. Clients at MF Global’s office in Singapore early this month were told their funds were frozen. (Lau Fook Kong/The Straits Times via Reuters)
By Michael J. de la Merced
New York Times / November 22, 2011

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The amount of customer money missing from the collapsed brokerage firm MF Global may be more than $1.2 billion - double previous estimates - the trustee dismantling the firm’s brokerage unit said on Monday. But the surprise finding, which caught regulators off guard, may be overstated, according to a person briefed on the investigation. Some regulators say they believe that the trustee double-counted $220 million that had been transferred between units of MF Global, this person said.

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