喬恩?科爾津的人脈

????11月4日,，喬恩?科爾津在外界的質(zhì)疑聲中宣布辭去明富環(huán)球金融集團(tuán)首席執(zhí)行官的職務(wù),?？茽柦虻谋尘吧詈?，曾經(jīng)是高盛集團(tuán)（Goldman Sachs）的首席執(zhí)行官，作為民主黨人擔(dān)任過(guò)新澤西州州長(zhǎng),，從政道路歷經(jīng)坎坷,。美國(guó)商品期貨交易委員會(huì)（Commodity Futures Trading Commission）主席加利?根斯勒是喬恩?科爾津在高盛集團(tuán)的同事，而該委員會(huì)正是調(diào)查明富環(huán)球金融集團(tuán)的機(jī)構(gòu)之一,。因此,，加利?根斯勒要求回避調(diào)查工作。商品期貨交易委員會(huì)委員吉爾?薩默斯接替了他的位置,。吉爾?薩默斯是該委員會(huì)的資深委員,，這次任命表明華盛頓無(wú)意打壓金融市場(chǎng)，因?yàn)樗_默斯曾經(jīng)在芝加哥商品交易所任職,，被外界看做期貨業(yè)的老朋友,，同時(shí)和明富環(huán)球金融集團(tuán)存在利害沖突。

????事實(shí)證明,，芝加哥商品交易所的行為也沒(méi)有受到審查,，據(jù)一位了解明富環(huán)球金融集團(tuán)丑聞的交易所知情人透露,，在明富環(huán)球金融集團(tuán)申請(qǐng)破產(chǎn)前不久，芝加哥商品交易所已經(jīng)發(fā)現(xiàn)了危險(xiǎn)信號(hào),，但是沒(méi)有按照慣例向美國(guó)商品期貨交易委員會(huì)披露,。這種做法違反了芝加哥商品交易所作為自我監(jiān)管機(jī)構(gòu)的規(guī)定。這位紐約交易員表示：“這種做法荒謬可笑,，一個(gè)自我監(jiān)管機(jī)構(gòu)實(shí)際上是沒(méi)有監(jiān)管的機(jī)構(gòu)。這就是公開(kāi)交易的內(nèi)幕,，真是令人毛骨悚然,。”芝加哥商品交易所方面則發(fā)布公告,，稱這些報(bào)道充斥著“不實(shí)說(shuō)法”,。

????與此同時(shí)，得“感謝”美國(guó)商品期貨交易委員會(huì),，正是這個(gè)期貨市場(chǎng)的重要監(jiān)督機(jī)構(gòu)放松了明富環(huán)球金融集團(tuán)在未經(jīng)客戶許可的情況下動(dòng)用客戶資金的限制規(guī)定——這種做法是明富環(huán)球金融集團(tuán)和其他公司的特權(quán),，也是他們多年積極游說(shuō)的成果。上周末,，有報(bào)道指出,，針對(duì)明富環(huán)球金融集團(tuán)的調(diào)查顯示，該集團(tuán)可能在申請(qǐng)破產(chǎn)前違反規(guī)定,，動(dòng)用客戶資金償還債務(wù),，同時(shí)用來(lái)支持該集團(tuán)持有的63億美元?dú)W洲國(guó)家主權(quán)債券，最終才導(dǎo)致全面崩潰,。

????這意味著這筆資金不僅是下落不明,，而且可能一去不返。許多大型交易商認(rèn)為,，明富環(huán)球金融集團(tuán)的資金謎團(tuán)最終會(huì)梳理清楚,，但是這對(duì)小投資者無(wú)濟(jì)于事，他們還要繼續(xù)遭受損失,。

????大太平洋財(cái)富管理公司（Great Pacific Wealth Management）打算幫助客戶維護(hù)權(quán)益,，該公司經(jīng)理西恩?麥吉利夫雷稱：“我們預(yù)計(jì)會(huì)有些波折，但是這件事從一開(kāi)始就不順利,。破產(chǎn)丑聞讓我們感到失望,，也讓成千上萬(wàn)的期貨投資者和他們的券商感到失望。我每天都在聯(lián)系破產(chǎn)受托人,。有一次我接通了語(yǔ)音信箱,，但是通常電話都無(wú)人接聽(tīng)?！?/p>

????譯者:凌云

Corzine connection

????The MF Global implosion is also fraught with questions about the recently defrocked Jon Corzine, who resigned as MF Global's chief executive earlier this month. Corzine's background as a co-chairman at Goldman Sachs before he became Democratic New Jersey governor presents certain difficulties. For one, Gary Gensler, the head of the Commodity Futures Trading Commission – one of a handful of agencies investigating the MF Global disaster – previously worked with Corzine at Goldman Sachs (GS). As a result, he had to recuse himself from leading the probe. CFTC commissioner Jill Sommers has taken his place. While Sommers is a senior commissioner, this appointment shows Washington's continued disinterest in mounting a real crackdown, as Sommers is widely seen as friend to the futures industry and – in keeping with MF Global's conflict-of-interest quotient – a former employee of the CME.

????The CME's own actions, it turns out, also are not above scrutiny, as a source privy to a non-public review of the MF Global scandal at the exchange reveals that red flags cropped up shortly before MF Global's collapse, but were not disclosed to the CFTC as they should have been. This would be a violation of the rules applying to the CME as a self-regulatory organization. "It's absurd that a self-regulating body can exist when it's a non-regulating body," the New York trader says. "This is a public exchange. Everyone is terrified." For its part, the CME has issued a statement saying that such reports have been filled with "inaccuracies."

????Meanwhile, the CFTC, which is supposed to be the central watchdog agency of the futures market, can be thanked for relaxing the rules restricting how firms like MF Global use customer funds when the customer's not using it – a privilege for which MF Global, among others, furiously lobbied for years. Late last week, reports trickled in from the MF Global probe that the firm may have unlawfully relaxed those rules ahead of its bankruptcy, using client funds to pay off its debts and bolstering the $6.3 billion bet on sovereign European debt that ultimately overturned the brokerage.

????All of which means the money might not just be missing, it could be gone for good. While many large-sized traders believe that the tangles in the MF Global web will eventually be sorted out, that doesn't help the smaller investors who continue to suffer.

????"We expected some hiccups, but it's been botched from the get-go," says Sean McGillivray of Great Pacific Wealth Management, an introducing brokerage that's attempting to advocate for its clients. "It's shut us down and it's effectively shut down tens of thousands of futures investors and their supporting brokerages. I try to reach the trustee every day. Once I got voicemail. But usually it rings off the hook."