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The environmental financial advisory board is a little-known panel with voluntary appointees from industry, government and other backgrounds. The board was chartered in 1989 to “provide advice and analysis to EPA’s administrator on paying for the growing costs of environmental protection,” according to the EPA website.

In recent months, the board issued a letter to the EPA’s Office of Air and Radiation on financing clean-air technology. The letter discussed ways to incentivize boiler-facility owners to comply with environmental standards.

Mr. Abelow has remained at MF Global following the bankruptcy. Last month, former FBI Director Louis J. Freeh, who is serving as trustee overseeing MF Global, told a Senate panel he was not paying bonuses to Mr. Abelow and other top executives after reports that compensation deals were in the works.