If you had money in a MF Global account, you would surely have a contract that explains the stipulations of their holdings of your money.
If you signed a contract that allows the company to use your funds to front their investments, then you are an idiot. But if your money is to fund your investments and their company was there to provide the liquidity then they just robbed their customers and is liable from each person who lost money in their accounts. Would they not see many lawsuits for contractual fraud from their previous customers not regulators then? What legal basis do regulators have to sue?
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