The M.F. Global debacle appears to be drawing to a close with a federal court’s approval of a consent order against defendant Jon S. Corzine, former CEO of M.F Global Inc. that requires him to pay a $5 million civil monetary penalty for his role in the demise of the futures commission merchant (FCM), which… Read More >>
Time to Merge the SEC and CFTC?
A House subcommittee’s report on the debacle that was MF Global includes a recommendation that the SEC and CFTC merge because separately they failed to work together to prevent the firm’s shocking bankruptcy. I’m hoping the legislators’ report will compel the regulators to truly cooperate—one way or another.Despite public pronouncements and a memo of understanding… Read More >>
