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Trading firms’ use of customer funds restricted

Regulators are investigating whether MF Global, under Jon Corzine, illegally tapped clients’ accounts. Regulators are investigating whether MF Global, under Jon Corzine, illegally tapped clients’ accounts.
By Marcy Gordon
Associated Press / December 6, 2011
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A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers’ money. The action comes amid a federal investigation into whether MF Global illegally tapped its clients’ accounts before filing for bankruptcy.

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