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Ms. O'Brien specialized in safeguarding customer money.
Customer money is supposed to be sacrosanct.
The transfer, it turned out, came from customer money.
That is where the customer money went missing.
The results show that each firm properly protected customer money.
Despite the internal alarms, MF Global employees continued to transfer customer money out of the firm.
At the time, Goldman said that the trades did not affect customer money.
The law prohibits brokerage firms from tapping customer money without replenishing the deficit.
The futures industry is barred from mingling customer money with company cash.
It avoids blaming him directly for the customer money that went missing, Mr. Protess writes.
"We will make a legal determination about whether customer money can be recovered," Mr. Jarrell said.
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CEO of Professional Science Editing for Scientists @ prosciediting.com