Gensler’s Recusal Criticized in CFTC Watchdog’s MF Global Report
This article is for subscribers only.
Chairman Gary Gensler’s recusal from the U.S. Commodity Futures Trading Commission’s investigation into the collapse of MF Global Holdings Ltd. was unnecessary and wasn’t required by ethics rules, according to the agency’s internal watchdog.
Gensler decided not to participate after the brokerage filed for bankruptcy in October 2011 even after spending days leading up to the collapse monitoring the situation including through personal e-mail, the inspector general said in a report released in Washington yesterday.