Genova testified before the U.S. House Financial Services Oversight and Investigations Committee on March 28 relating to the MF Global bankruptcy and a $200 million overdraft on a London account that MF Global allegedly used customer funds to cover.
Genova told lawmakers she asked two MF Global officials, General Counsel Laurie Ferber and Deputy Counsel and Chief Compliance Officer Dennis Klejna, for a letter indicating that funds transferred from customer segregated accounts to cover the shortfall did not belong to customers. She testified to the Committee that Ferber and Klejna gave verbal assurances that the transfers complied with the rules regarding protection of customer funds, but that JP Morgan never received a signed letter.
Genova holds a bachelor degree in linguistics from Barnard College and a doctor of law degree from Columbia University School of Law.
JLN News Feed
Why everyone is now an options trader; Strategists See Growing Bets on Emerging-Markets Via ETF Options
[JPX,TSE,OSE,TOCOMTrading Overview in April 2021]
[JPXStatus of Acquisition of Own Shares]
SIFMA, ICI and DTCC Leading Effort to Shorten U.S. Securities Settlement Cycle to T+1, Collaborating with the Industry on Next Steps
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date April 15, 2021
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.