MF Global admitted using client money as troubles mounted:
MF Global, the failed securities firm led by Jon Corzine, admitted using clients' money as its financial troubles mounted, a federal official says.
MF Global Holdings Ltd. /quotes/zigman/581106/quotes/nls/mf MF -3.12%, a broker-dealer providing trading and hedging solutions, today announced that it intends to make an underwritten public offering of senior unsecured debt subject to market conditions and other factors.