When MF Global failed in October 2011, it was discovered that $ 1.6 billion in segregated client assets are missing. The preservation of these assets has been responsible company, and, according to one SEC official, his "sacred duty." What is known about the missing assets is that they were taken from customer accounts trading in commodity futures and used in other areas of the company, less is known about how it happened. The case describes the operating model of MF Global, certain management decisions, its regulatory oversight, and the chaos of the last days, which allows the study of how much money could be missing. (Note: This case can be combined with its companion, "MF Global: Changing Stripes". (HBS Case 312 - 105), which discusses the managerial and strategic issues, leading to the collapse of the firm) "Hide
by Clayton Rose, Pamela Chan, Raghav Chopra Source: Harvard Business School 27 pages. Publication Date: June 18, 2012. Prod. #: 312106-PDF-ENG
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