Stabenow seeks stakeholder insight after MF Global scandal
Sen. Debbie Stabenow, D-Mich.
Senate Agriculture Committee Chairman Debbie Stabenow, D-Mich., has asked an array of financial stakeholders, market participants and consumer advocacy groups to provide insight and recommendations on how to create stronger, safer markets, and to provide customers with greater protections in the wake of the MF Global bankruptcy.
“The MF Global bankruptcy has raised questions about the regulatory framework that protects these markets,” Stabenow wrote in a letter sent to market participants Wednesday.
“As investigations into the causes of the bankruptcy and missing customer funds progress, the committee will begin to consider policies that could help customers recover money, protect customer collateral, and prevent situations like the MF Global bankruptcy from happening.”