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
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.
NEW YORK, June 25- The lawsuit that the U.S. Commodity Futures Trading Commission is considering filing against MF Global chief executive Jon Corzine would require the CFTC also to charge other former MF Global employees, legal experts said on Tuesday. The potential suit was first reported by the New York Times on Tuesday.
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.
WASHINGTON, June 19- The top U.S. derivatives regulator fined ABN AMRO Clearing Chicago LLC $1 million for a raft of breaches in the handling of customer accounts over a period of three years.
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.
Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.