Three years after the demise of Lehman Brothers exposed problems in how brokers handle client funds, trading firms are still using lax rules to withhold cash owed to clients of failed brokerages, fuelling calls for reforms. Clients of MF Global UK, which filed for bankruptcy after revealing it had made a $6.3 billion bet on European sovereign debt, are struggling to get their money back from accounts where their investments have been pooled. Read Reuters report here.
