JPMorgan can give rise to missing MF universal funds
WSJ reports:The epistle suggests with the purpose of officials by the side of JPMorgan, which empty round about trades designed for MF inclusive, had turn into concerned with the purpose of the securities solidify might partake of gotten the money by plunging into customer funds. Commodity Futures Trading Commission rules prohibit futures brokers from using customer money in favor of their own trading purposes…. The memo indicates to JPMorgan officials knew the money came from segregated customer accounts, since it specifically asked whether the conveying of funds from customer accounts was compliant with regulations.