The regulators received a series of oral reports from the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Reserve, according to the statement sent by e-mail. It provided no further details.
MF Global, the holding company for the broker-dealer run by former New Jersey governor and Goldman Sachs Group Inc. co- chairman Jon Corzine, filed for bankruptcy protection today as it seeks to reorganize after making bets on European sovereign debt.
The council, led by Treasury Secretary Timothy F. Geithner, was created by the Dodd-Frank financial overhaul law to prevent another financial crisis. Members include Fed Chairman Ben S. Bernanke and the chairmen of the SEC, Federal Deposit Insurance Corp. and the CFTC.
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