The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has obtained a federal court Consent Order against Jon Corzine, former CEO of MF Global, 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…
Read moreMF Global, the ill-fated brokerage, went insolvent in 2011 but the saga around the bankruptcy, return of customer funds, litigation and regulatory probes of the corporate management, seems to be never-ending. Today brought a piece of good news to the creditors of MF Global Inc (MFGI). James W. Giddens, Trustee for the liquidation of MFGI,…
Read moreThe fight brewing between leading foreign and domestic Australia CFD and FX brokers has less to do with client protection, and more to do with protecting market position.
Read moreThe CFTC’s litigation continues against MF Global Holdings Ltd., Jon S. Corzine, and Edith O’Brien, with restitution proceeding for customers who collectively sustained $1 billion in losses The long, drawn-out saga of defunct FX company MF Global may be put to an end today, as the US Commodity Futures Trading Commission (CFTC) has announced that…
Read moreRegulator's clear message to brokerage CEOs – you are ultimately responsible for customer funds. The CFTC, in one of its strongest worded statements we've seen, has brought a civil action against former MF Global CEO Jon Corzine, as well as former Assistant Treasurer Edith O'Brien for the $1 billion in client funds which were missing when…
Read moreSharaz Hussain will head new Dubai office.
Read moreAims to establish standards for those offering retail CFD trading.
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