“The further we get into [the investigation], the more complex it is … but were making progress,” the source said, adding that the commingling and transferring of money is making it harder for regulators to determine what money belongs where.

MF Global took futures segregated money and put it into the account for customer securities, essentially mixing futures and securities that were both owned by customers, said an official familiar with the matter.

Until now, it was believed that only customer futures accounts were affected.

The source also told Reuters that MF Global had been using customer funds for “several days if not weeks” rather than just a few days before the firm collapsed.

Similar Posts:

• HSBC Reported Near $1B General Insurance Sale
• New BP Oil Spill, This Time in Alaska
• 5 Simple Ways To Improve Your Invoicing
• 5 Business Website Tips
• 9 Tips To Research Competition