mf global

A financial exchange operator says it was subpoenaed by a Chicago grand jury investigating missing cash at MF Global, the failed securities firm that was run by former New Jersey Gov. Jon Corzine.

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The former chief risk officer of MF Global says he warned then-CEO Jon Corzine in late 2010 of the risks in large bets on European government debt. Those bets sank the brokerage firm last fall.

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Investigators have located almost all the $1.2 billion first reported missing when securities company MF Global went under last year.

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Jon Corzine has navigated three days of testimony on MF Global's failure without saying much to satisfy lawmakers or clients who lost millions when the firm collapsed.

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Jon Corzine on Thursday disputed an allegation that he knew about customer money that may have been transferred to a European affiliate just before MF Global collapsed.

"I did not instruct anyone to lend customer funds to MF Global or any of its affiliates," Corzine told a House panel

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Things get tougher for former Governor Jon Corzine today, as he makes his third appearance before congress.

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A financial-exchange executive says Jon Corzine might have known that MF Global customers' money was transferred earlier than Corzine has admitted.

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Jon Corzine has told a Senate panel that he never told anyone to "misuse" customer money that vanished when MF Global collapsed this fall.

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The judge overseeing the bankruptcy of MF Global has approved releasing $2.2 billion more in frozen funds to customers of the firm.

U.S. Bankruptcy Judge Martin Glenn issued an order Friday that clears the way for customers to regain some of their money

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