MF Global Ordered To Pay Customers $1.2b - Business Insider - 0 views
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The CFTC has ordered MF Global to pay out $1.2 billion to customers that lost money when the brokerage firm collapsed in the fall of 2011 under the leadership of former New Jersey Governor, Jon Corzine. After those customers are paid, the firm will pay an additional $100 million as a civil penalty. Here's the CFTC's release on the matter:
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The CFTC’s litigation continues against the remaining defendants: MF Global Holdings Ltd., Jon S. Corzine, and Edith O’Brien.
