MF Global Brokerage Can Probe, Not Share Results

Officers and directors of MF Global Inc., the bankrupt brokerage that former Goldman Sachs Group Inc. co-chief executive Jon Corzine quit today, will be subpoenaed by a liquidator in a probe of possible misconduct related to customer accounts.

U.S. Bankruptcy court judge Martin Glenn said at a hearing today that the brokerage trustee, James W. Giddens, can share documents and depositions with the Securities and Exchange Commission and the Commodity Futures Trading Commission. The trustee must probe management’s possible involvement without interference from the parent company, Glenn said.