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Trustee Tussles With Regulators

Louis Freeh, the former Federal Bureau of Investigation director who was appointed bankruptcy trustee of MF Global Holdings Ltd., has declined to turn over some documents to investigators trying to determine what happened to an estimated $1.2 billion in missing customer funds. Mr. Freeh, who is representing the parent company, has asserted attorney-client privilege in deciding not to release certain documents to the Commodity Futures Trading Commission, according to his office and other people familiar with the matter. The CFTC, one of the failed firm’s regulators, is aiding the investigation into what became of the missing MF Global customer funds. Read Wall Street Journal report here.

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