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MF Global transfer draws scrutiny

Investigators are questioning MF Global's transfer of $200m to a company account days before it filed for bankruptcy

Investigators on the hunt for missing customer money from MF Global Holdings are scrutinising about $200m moved to a company account at JP Morgan Chase three days before the securities firm filed for bankruptcy protection, according to people familiar with the matter.

The transfer has drawn interest from investigators partly because JP Morgan asked MF Global in a letter the following day to attest that the October 28 shift of funds didn't violate regulations designed to protect customer money.

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