Jon Corzine Reaches $5 Million Settlement with CFTC over MF Global Collapse

[kreslik.news]

Former New Jersey governor and CEO of MF Global Inc Jon Corzine has agreed on a deal with the U.S. Commodity Futures Trading Commission (CFTC) to pay $5 million to end the regulator’s lawsuit stemming from the 2011 collapse of commodities brokerage MF Global Holdings, according to a CFTC statement.

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In addition to Corzine’s penalty, MF Global Assistant Treasurer Edith O’Brien will also pay $500,000 to settle charges over her role in mishandling the affairs of MF Global, which was liquidated in bankruptcy. The ... (read more)