X-Nico

4 unusual facts about MF Global


Giddens

James Giddens, one of the trustees involved in unwinding the affairs of MF Global.

MF Global

MF Global's former parent, then known as ED&F Man, diversified from pure cash commodities into commodity futures in the late 1970s, and established the Anderson Man futures brokerage in 1981.

MF Global traces its roots to the sugar trading business started by James Man in England in 1783, which evolved into broader commodities trading before its later transformation into a financial services business during the 1980s focused on commodity futures trading.

Jon Corzine, former CEO of Goldman Sachs, Governor of New Jersey, and United States Senator, began his tenure as CEO of MF Global in March 2010.


Gary Gensler

Yet in late November, 2011, Rep. Randy Neugebauer (R-Texas), head of the House Financial Services oversight subcommittee investigating MF Gloabal's collapse, noted that Corzine personally lobbied Gensler and his staff that year in opposition to a possible CFTC rule, that would have affected MF Global.


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