MF Global

In the wake of Peregine Financial and MF Global scandals, many farmers are losing faith in commodities brokerages they used to rely on. Regulators and futures industry leaders are hoping to restore confidence with increased oversight and account insurance.

Brokerage firm Peregrine Financial is liquidating amid allegations that it defrauded customers and lied to federal regulators.

Jon Corzine planned to make a comeback on Wall Street after a political career. But he appeared to ignore fresh lessons from the financial crisis.

Fewer individuals and companies bit the dust in 2011.

During his third grilling in the Senate today, The former CEO of MF Global continues to defend the firm's investments in the European bond market

Jon Corzine testified before Congress today on his company's missing finances. Is $1.2 billion so difficult to track down?

Jon Corzine will have to explain how the bank lost $1 billion of customer money.

Lehman Brothers, Bear Stearns, Countrywide and, most recently, MF Global, were all considered "primary dealers" by the Federal Reserve -- and they also all failed. So why were they considered so important, and how did they all get in trouble?

This final note today, which will do nothing to ease the average person's discomfort with how Wall Street operates....