CFTC Fines MF Global For "Unlawful" Activity, One Target Remains – ValueWalk Premium
26Dec

CFTC Fines MF Global For "Unlawful" Activity, One Target Remains

A federal court in New York ordered MF Global Holdings to-pay $100 million fine and ensured that the $1.2 billion of customer funds that were “unlawfully” used by the brokerage would be returned in full, a Commodity Futures Trading Commission statement said.
Details of MF Global's settlement
Details of the settlement, released on Christmas Eve, were agreed upon earlier in the month, a

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Author

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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