MF Global, a financial firm run by Jon Corzine, has come under sharp criticism recently for its risky investing practices.  MF Global may have invested customer money in sovereign debt overseas.  As the company faces bankruptcy, regulators are now searching for over $630 million in missing customer money.

The CFTC attempted to impose greater restrictions on investing customer money in this manner in 2010.  However, Jon Corzine, a former U.S. Senator and New Jersey governor, then head of MF Global, used his connections and reputation to lobby government officials and meet with agency heads.  The CFTC did not go forward with its regulatory plans.

Read the entire article, “As Regulators Pressed Changes, Corzine Pushed Back, and Won”