Thursday, 27 June 2013

Jon Corzine, MF Global Charged By Regulators Over Brokerage Collapse

By Reuters

WASHINGTON (Reuters) - U.S. regulators on Thursday charged MF Global, along with its former Chief Executive Jon Corzine and former Assistant Treasurer Edith O'Brien, over the failed futures brokerage's misuse of customer funds and related violations.

The Commodity Futures Trading Commission said MF Global had agreed to settle all charges against it, pay a $100 million penalty, and pay all the funds still owed to commodity customers.

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