Identify and evaluate alternative courses of action (ethical judgment).

Legal issues:
Identify any legal issues.

Alternatives/ethical analysis:
List all the possible alternatives that could or could not be done.

MF Global Holdings, Ltd. (2011)
✦ MF Global, a major commodities brokerage firm filed for bankruptcy in October 2011, much to the shock of its customers. The company was led by Jon Corzine, the former New Jersey governor and senator.

✦ However, following some bad investments, the company decided to use consumer money to repay its liabilities. There have been reports that the firm had heavily invested in the European sovereign debts. Almost USD 1.6 billion of consumer assets were reportedmissing.

✦ The curious case surfaced as to where the money had evaporated from the account books. Those hit were farmers, small investors, etc.
The customers had to wait for almost two-and-a-half years until the final payout was made in April 2014.

Might have to do a little more research..