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.
Jon Corzine's ambition exceeded what the now-defunct MF Global brokerage could handle, private equity titan J. Christopher Flowers tells CNBC. But Flowers still considers Corzine a friend.
The trustee overseeing the bankruptcy of MF Global says its customers are going to get paid back 100% of what they are owed by the boutique brokerage.
MF Global is suing PricewaterhouseCoopers for at least $2bn, alleging PwC’s accounting advice helped cause MF’s 2011 collapse.
A federal judge on Tuesday allowed a lawsuit to move forward that seeks to hold former MF Global Holdings CEO Jon Corzine and other executives responsible for the brokerage's collapse.
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'.
Where was it ?
Jon Corzine and the team of executives who toppled commodities brokerage firm MF Global don’t deserve another $10m of insurance monies to pay their already 'exorbitant' legal bills, a bankruptcy administrator said.
When MF Global collapsed in 2011, Lorie Meg Karlin’s brokerage company nearly disappeared along with it.
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.
Jon Corzine, former CEO of bankrupt futures brokerage MF Global, has said he never ordered any misuse of customer funds to help his firm stay afloat as it dealt with margin calls on bad bets.
Former MF Global Holdings Chairman and Chief Executive Officer Jon S. Corzine’s risky business strategies and mismanagement helped accelerate the futures brokerage’s demise, according to a report by bankruptcy trustee Louis Freeh.
It's a raid!