CFTC: Jon Corzine Fined $5MM, Barred for Life

Politics

CFTC order bars former New Jersey governor from trading client money in commodities, other commission-regulated assets

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The U.S. Commodity Futures Trading Commission (CFTC) has obtained a federal court Consent Order against Defendant Jon S. Corzine, former CEO of MF Global Inc., requiring him to pay a $5 million civil monetary penalty for his role in MF Global’s unlawful use of customer funds totaling nearly one billion dollars and for his failure to diligently supervise the handling of customer funds.

Federal Court in New York Orders Jon S. Corzine to Pay $5 Million Penalty for his Role in MF Global’s Unlawful Use of Nearly $1 Billion of Customer Funds and Prohibits Corzine from Registering with the CFTC in any Capacity or Associating with an FCM

01/05/2017 10:34 AM EST

Jon S. Corzine • Consent Order: Jon S. Corzine• Consent Order: Edith O’Brien • CFTC Press Release 7508-17 provides further details on this action.

Pic by Reuters