MF Global ordered to pay $1.2bn in restitution


The New York Federal Court ordered MF Global to pay $1.21 billion in restitution fees, in addition to a $100 penalty, for its unlawful use of customer funds, the Commodity Futures Trading Commission said Wednesday.

MF Global ordered to pay $1.2bn restitution

MF Global ordered to pay restitution Still

On 'The Roundup', Adam Johnson, Trish Regan, Matt Miller, Alix Steel and Morgan Stanley US Equity Strategist Adam Parker wrap up Monday’s top market stories on Bloomberg Television's 'Street Smart'.

SAC's Cohen demand, possible Corzine probe

Jon Corzine

Steven A. Cohen, the billionaire founder of hedge fund firm SAC Capital Advisors LP, doesn’t oppose a request to delay the Securities and Exchange Commission action against him provided that he is given prompt access to the agency’s investigative records.