Raiding customer assets at mf global

Wary investors will be unwilling to reenter a market marred by fiduciary breaches. Under Kantian deontological or duty-based ethics, MF Global failed as an investment firm to carry out its fiduciary duty to clients. Senator, and governor of New Jersey broke the law. If he did so, the former head of Goldman Sachs, U. When Corzine takes over, MF Global is a less-than-profitable commodities and futures trading firm with customers largely comprising Mid-Western farmers and ranchers. Even at the end, Corzine seemed much less worried about customer funds than JP Morgan was. Were they clear about the complex leveraging of internal-repos?

If customer money is not segregated, there can be criminal charges. Wary investors will be unwilling to reenter a market marred by fiduciary breaches.

mf global case study

You also have to make sure you have the liquidity — cash on hand — to operate. Moreover, Corzine's lawyer says that Corzine "never directed Ms. On Thursday, Corzine, 64, was back in Washington, this time on the other end of the grilling that as a Senator he used to expertly dole out to executives and regulators.

did ms. obrien behave appropriately? realistically, what other choices did she have?

Oct 5, Ethics in the News When employees tested positive for syphilis, Theranos whistleblower knew device was flawed Markkula Center for Applied Ethics's Theranos.

Bad judgment? Should the actions of either Corzine or O'Brien or both or neither be considered criminally negligent?

Raiding customer assets at mf global

What role should or might have the firm's Ethics and Compliance Officer played in this drama?

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Corzine’s disgrace