The top U.S. futures regulator said on Monday he recused himself from the investigation of MF Global Holdings Ltd , the brokerage that filed for bankruptcy last week, so that he wouldn't be a distraction. Gary Gensler, chairman of the Commodity Futures Trading Commission, has had close ties to MF Global's former chief executive, Jon Corzine. Speaking at a securities industry conference, he added that financial institutions should be allowed to fail from time to time.
Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI fell by 1.05% or $-0.17/share to $16.08. In the past year, the shares have traded as low as $13.62 and as high as $20.74. On average, 48072 shares of FISI exchange hands on a given day and today's volume is recorded at 15526.
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