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MF Customers Press J.P. Morgan for Funds

Customers of MF Global Holdings Ltd. are pushing regulators to get tougher on J.P. Morgan Chase Co. about money that went missing from accounts just before the firm’s collapse. The move comes as a bankruptcy trustee representing brokerage customers of MF Global has said he is conducting an investigation of J.P. Morgan and had entered “substantive discussions regarding the resolution of claims” against the Wall Street firm. In a letter set to be sent to regulators and lawmakers on Monday, an MF Global customer group calls for J.P. Morgan to “return hundreds of millions of dollars in MF Global customer funds transferred” to J.P. Morgan in late October. Read Wall Street Journal report here.

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