MF Global To Pay $1.2 Billion Restitution, $100 Million Fine
MF Global Holdings Ltd (OTCMKTS:MFGLQ) will have to pay $1.2 billion in restitution and $100 million in civil fines in addition to admitting guilt as part of a settlement with the Commodity Futures Trading Commission (CFTC) regarding its conduct when the company went bankrupt in 2011, FINalternatives reports. The deal doesn’t cover individuals working at MF Global, and the CFTC is still suing CEO Jon Corzine, alleging that he did not act in good faith. Corzine denies any wrongdoing.
exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible