Employees at MF Global could not keep track of exactly how much money it had at any given moment, even before the company began to wobble, according to internal company emails reviewed by the Wall Street Journal. As regulators and lawmakers plow ahead with investigations that began when MF Global tumbled into bankruptcy a year ago this week, gaps in the New York company's procedures for moving and keeping track of money are getting new attention. A private lawsuit expected to be updated early next month is expected to highlight such issues and how they are tied to the more than $1 billion that went missing from customer accounts as MF Global failed last October. A House Financial Services Committee report, which will be released in the next few weeks, is expected to scrutinize how regulators handled MF Global. It is unclear how much focus will be given to the deficiencies in internal computer systems and procedures at the firm.
