MF Global’s Risk Officer Said to Lack Authority

Congressional investigators are exploring whether regulators and feeble risk controls allowed MF Global to topple. A House committee is expected to disclose on Thursday that MF Global, under Jon S. Corzine, stripped critical powers from its top executive in charge of controlling risk, according to a ...

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Jon Corzine, who joined MF Global Holdings Ltd. (MF) 20 months ago to transform the futures broker into an investment bank, quit today amid regulatory probes and ...