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North Face Jackets With direct knowledge of the matter. Investigators are in part focusing on trades that were made ahead of announcements that the firm¡¯s credit rating had been downgraded, the people said, speaking on condition of anonymity because the matter isn¡¯t public. MF Global, the holding company for the futures broker run by former New Jersey Governor and ex-Goldman Sachs Group Inc. Co-Chairman Jon Corzine, filed for bankruptcy Oct. 31 after concerns that it may lose money on its holdings of European sovereign debt North Face Men's Gore Tex Jacket prompted demands from regulators to boost capital, as well as credit downgrades and margin calls. Regulators are reviewing whether some investors learned in advance and traded on news that pushed the company closer to bankruptcy, the people said. In one instance, MF Global¡¯s $287.5 million of 1.875 percent convertible notes due in 2016 fell as much as 1.1 cent to 68.7 cents on the dollar on Oct. 24, one hour before Moody¡¯s Investors North Face Women's 2 in 1 Jacket Service announced that it cut the company¡¯s credit ratings to the lowest investment-grade rating and was considering cutting it to junk, according to Trace, the bond- price reporting system of the Financial Industry Regulatory Authority. About 32 percent, or $6.5 million, of the total $20 million of bonds traded on Oct. 24 were executed in the two hours preceding the downgrade, Trace data showed. Convertibles allow investors The North Face Denali Fleece Jacket Outlet to exchange bonds for stock when shares of the issuers reach preset levels. Trading in MF Global¡¯s common shares didn¡¯t follow the same pattern. The stock rose as much as 2.2 percent in the hours leading up to Moody¡¯s announcement. After the downgrade, the stock fell as much as 5.4 percent to $3.49. John Nester, an SEC spokesman, declined to comment. MF Global spokeswoman Diana DeSocia said it¡¯s the company¡¯s The North Face Denali Fleece Jacket Blue - Women's NO.10039 policy not to comment on price movements in its shares and bonds. MF Global announced in September that Finra required the firm to boost capital in its U.S. unit because of the holding it had amassed in European.

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