CFTC Settles For Small But Personal Fine In Corzine Deal

Law360, New York (January 6, 2017, 11:02 PM EST) -- Former MF Global CEO Jon Corzine seemed to strike an attractive bargain with the U.S. Commodity Futures Trading Commission when he agreed to pay the low-low price of $5 million over his role in the firm’s billion-dollar meltdown, but experts note the agency extracted more personal punishments on its way to wrapping up the five-year case.

In consent agreements filed Thursday in New York federal court, Corzine and former MF Global Assistant Treasurer Edith O’Brien agreed to pay civil penalties of $5 million and $500,000, respectively, without admitting or denying the CFTC’s allegations they failed to properly supervise MF Global as...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS