Professor Leipold Quoted in WSJ on CME Subpoenas
Wednesday, February 29, 2012
The Wall Street Journal published an article on the CME Group, Inc. being issued grand-jury subpoenas one day after the MF Global collapse. CME continues to receive heat about their audit uncoving nothing "amiss" just days before MF Global declared bankruptcy.
Regarding the grand jury, Professor Leipold said: "Grand juries have enormous investigative powers. My instinct is that setting one up the next day [after MF Global's bankruptcy] is pretty fast for anybody to move."
Read the WSJ article (subscription may be required)