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MF Global Risk Chief Urged Caution on Trades

February 01, 2012

MF Global’s chief risk officer urged senior executives and the company’s board to pare back its $6.3 billion proprietary bet on the debt of troubled European nations roughly three months before the futures broker declared bankruptcy, according to his prepared congressional testimony, the Financial Times reports.

Source: http://www.cnbc.com/id/46215299?__source=RSS*tag*&par=RSS
 
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