Do Peregrine, MF Global, and JP Morgan’s Travails Have Anything in Common?

The futures industry is reeling over the latest theft of segregated customer funds, this time by Peregrine Futures’ Russell Wasendorf. Wasendorf admitted to stealing seg funds in a note left at his side when he attempted suicide after it looked like his scheme was unraveling. He has been indicted for fraud committed over the 2010-2012 period. [...]