The House Financial Services oversight and investigations subcommittee will meet Wednesday to decide whether to compel Edith O’Brien, a treasurer at MF Global’s brokerage arm, to testify at a March 28 hearing on the firm’s collapse. O’Brien has been identified by former chief executive officer Jon S. Corzine as someone with knowledge of a funds transfer from the firm’s customer accounts before it filed for bankruptcy. O’Brien had “respectfully” declined to testify during an earlier hearing.

In a letter to lawmakers, Financial Services Committee staff wrote, – in light of the documents that the Subcommittee has reviewed and the interviews it has taken, as well as Mr. Corzine’s testimony regarding Ms. O’Brien’s role at MF Global, the Subcommittee believes that Ms. O’Brien’s appearance and testimony at the March 28, 2012 hearing is necessary to ensure the completeness and accuracy of the Subcommittee’s investigative record.

The MF Global bankruptcy is the eighth-largest U.S. bankruptcy.

Courtesy: NAFB News