The role of primary dealer conferred on MF Global a seal of financial strength. It gave the firm a competitive edge and likely lowered the interest it was charged to borrow, experts said.
Asked whether he received privileged treatment from the regulators because of his connections, Corzine said, "We didn't ask for special treatment" from the Fed.
And he said, "I do not believe we were given special treatment" from the CFTC regarding the rule to limit firms' investments of customer funds.
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