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NY Times Environmental Portrait Shoot

NY Times Environmental Portrait Shoot

A Year After MF Global’s Collapse, Brokerage Firms Feel Less Pressure for Change

By BEN PROTESS, New York Times

When MF Global toppled a year ago, chaos engulfed a Chicago trading floor. Customers were locked out of their accounts, later discovering that about $1 billion of their money had disappeared.

The debacle, which played out on the evening of Halloween, prompted federal authorities to immediately bear down on the brokerage firm and the broader futures trading industry.

But a year after a federal grand jury issued subpoenas and regulators vowed reforms, the largest bankruptcy since the financial crisis has begun to fade from Wall Street’s memory… Read More

 

CME Group Executive Chairman Terry Duffy poses at the company's head quarters in Chicago, October 29, 2012. John Gress for The New York Times

CME Group Executive Chairman Terry Duffy poses at the company's head quarters in Chicago, October 29, 2012. John Gress for The New York Times

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This article was written by John Gress

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