Regulators are investigating whether MF Global (MF) diverted as much as $700M from segregated...

|About: MF Global Holdings Ltd. (MFGLQ)|By:, SA News Editor

Regulators are investigating whether MF Global (MF) diverted as much as $700M from segregated customer accounts to support its trades as the company teetered, according to sources. A major no-no, it's possible this is what nixed a desperate effort by MF to sell itself to Interactive Brokers (IBKR). (SEC/CFTC statement)