A judge ordered MF Global to return more than $1 billion to harmed customers and pay an additional $100 million penalty as part of a civil settlement.» Read More
WASHINGTON, March 4- The White House on Tuesday asked Congress to ramp up funding for the U.S. securities regulator, but caused an outcry from the top derivatives regulator by scaling back its prior request for a boost for that agency.
*Lawsuit seeks to hold former MF Global CEO Corzine, others responsible for brokerage's collapse. NEW YORK, Feb 11- A federal judge on Tuesday allowed a lawsuit to move forward that seeks to hold former MF Global Holdings Ltd Chief Executive Officer Jon Corzine and other executives responsible for the brokerage's collapse.
NEW YORK, Jan 21- A federal judge on Tuesday rejected a bid by former MF Global Holdings Ltd Chief Executive Officer Jon Corzine to dismiss a U.S. regulator's lawsuit that claims he played a key role in causing one of the country's biggest bankruptcies ever.
WASHINGTON, Nov 18- A federal judge in New York has ordered MF Global Inc to return more than $1 billion to harmed customers and pay an additional $100 million penalty as part of a civil settlement with U.S. derivatives regulators.
WASHINGTON, Nov 12- President Barack Obama on Tuesday named Timothy Massad, a lawyer who oversaw the U.S. government's $700 billion bank bailout program, as the next head of one of Wall Street's most powerful supervisors.
NEW YORK, Nov 12- A federal judge on Tuesday rejected a bid by former MF Global Holdings Ltd Chief Executive Jon Corzine to dismiss investor litigation seeking to hold him, former colleagues and several banks responsible for the futures brokerage's rapid collapse.
NEW YORK, Nov 12- A federal judge on Tuesday rejected former MF Global Holdings Ltd Chief Executive Jon Corzine's bid to dismiss investor litigation seeking to hold him, former colleagues and several banks responsible for the futures brokerage's collapse.
WASHINGTON, Nov 12- President Barack Obama plans to name Timothy Massad, a lawyer who earned his spurs at the country's bank bailout program, as the next head of the U.S. swaps regulator, according to a White House official.
CHICAGO, Oct 30- Two years ago on Halloween thousands of U.S. grain farmers got the scare of their lives when broker MF Global collapsed and more than a billion dollars of their money went missing. MF Global customers have now, through a court-appointed trustee, recovered about 98 percent of the money, which had been in supposedly "safe" margin accounts.
Oct 2- The trustee liquidating the brokerage unit of MF Global Holdings Ltd has asked a federal bankruptcy judge for permission to return remaining funds to U.S. customers who traded on domestic exchanges.
The SEC had paid a total of four whistleblowers $170,000 despite receiving 3,001 tips in fiscal year 2012 alone, while the CFTC paid nothing after getting 58 tips in the same time period.
David Meister is planning to step down as head of CFTC enforcement, even as big battles against financial titans have yet to play out.
CNBC's Kate Kelly offers details of the lawsuit against Former MF Global CEO Jon Corzine, and former executive Edith O'Brien; and CFTC Commissioner Bart Chilton, wants to ensure customers that the government is looking out for them.
In a 4-count suit, the CFTC has charged former MF Global CEO Jon Corzine and former MF Global executive Edith O'Brien, reports CNBC's Kate Kelly.
CNBC's Kate Kelly reports the charges against Jon Corzine will include a failure to supervise, and the charges against the firm include a misuse of funds. Kayla Tausche and John Carney discuss.
Federal regulators are expected to file civil charges against former MF Global chief Jon Corzine for his role in the collapse of the firm, reports CNBC's Kayla Tausche. Thomas Curran, Peckar & Abramson, and Andrew Stoltmann, Stoltmann Law Offices, discuss the case.
The CFTC is looking to sue Jon Corzine for the collape of MF Global and the firm's misuse of customer funds, reports CNBC's Kayla Tausche.
Jon Corzine, the former chief executive of MF Global Holdings, was sued by the trustee for the futures and commodities brokerage, who accused him of contributing to the company's October 2011 bankruptcy.
A bankruptcy trustee is suing Jon Corzine and other former MF Global executives, claiming gross negligent led to the brokerage firm's collapse, reports CNBC's Kayla Tausche.
THe NFA met yesterday to consider a lifetime ban of Jon Corzine from the futures industry. James Koutoulas, Typhon Capital Management, discusses with CNBC's Rick Santelli.