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WASHINGTON (Reuters) - U.S. regulators are launching a broad review into the business practices of failed futures brokerageas their hunt continues for over $600 million in missing customer money.
Round-the-clock shifts for examiners have become the norm as they sort through the collapse of the firm headed until Friday [Nov. 4] by former New Jersey Governor. MF Global filed for bankruptcy on Monday [Oct. 31] after risky bets on European debt scared away clients and investors.
...Byand; additional reporting by Philip Shishkin. (Story Copyright (c) 1999-2011 HedgeWorl...
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WASHINGTON (Reuters) - Regulators investigating the collapse ofhave determined that the firm combined money between securities and futures accounts owned by customers, and transferred funds outside the country to at least one entity, a source said on Friday [Dec. 2].
The further we get into (the investigation) the more complex it is ... but we're making progress," the source said, adding that the commingling and transferring of money is making it harder for regulators to determine what money belongs where.
...By; additional reporting by Philip Shishkin. (Story Copyright (c) 1999-2011 HedgeWorl...
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Tammy Barnes, an unemployed mother of three, used up her $12,000 in savings last year pursuing a career in nursing. After completing a course offered by Advanced Medical Training Institute in Marietta, Ga., though, Barnes can't get a nursing license or a job, because Advanced isn't accredited by Georgia's nursing board.
Barnes, who lives in Hiram, Ga., and two other Advanced students have sued the school and its owners, claiming they were duped into believing the school was properly certified. The owners have been battling regulators in West Virginia over similar issues and, in February, they were ordered by the Texas Workforce Commission to stop operating an uncertified school in Dallas.
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...TIMES, Nov. 2, 2002, at A3; Philip Shishkin & Jess Bravin, EU Offers Deal on U.S. Imm...
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To: RELIGION EDITORS
Contact: Scott Collins of Religion Communicators Council, +1-214- 758-8061, +1-214-758-8155 (fax), sacollins@buckner.org
... Judges Murder Puts Religion in Spotlight, Philip Shishkin, The Wall Street Journal. Newspaper(Other...
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At Quality Environmental Professionals Inc. in Indianapolis, the crumbling economy forced a decision about the doughnuts.
When the environmental consulting business renewed its credit line last month, the interest rate nearly doubled, to 10 percent from 5.25 percent. Fuel costs for the company's vans and trucks had risen. Customers were taking longer to pay bills.
...Timothy Aeppel, Paulo Prada, Philip Shishkin and Sara Silver contributed to this repor...
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... With 'Dawn Raids,'" the Journal's Philip Shishkin reported that "European Union antitrust i...