CFTC charges Corzine, O'Brien in MF Global failure

Jun 28, 2013 | 06:23 PM | Everdeen Mason

Tags  mf global, Jon Corzine, Edith O'Brien, commodity futures trading commission, CFTC, bankruptcy, london metal exchange, everdeen mason

NEW YORK — The U.S. Commodity Futures Trading Commission (CFTC) has charged MF Global Inc., MF Global Holdings Ltd., former chief executive officer Jon S. Corzine and former assistant treasurer Edith O’Brien for the company’s alleged unlawful misuse of nearly $1 billion of customer funds.

The CFTC filed an enforcement action in U.S. District Court in New York June 27 against the executives and the company—a subsidiary of which, MF Global UK, was a London Metal Exchange member firm—for, among other things, allegedly violating customer protection laws.....

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