MARKETS NEWS
CFTC Sues Corzine, MF Global
Chris Clayton DTN Ag Policy Editor
Fri Jun 28, 2013 07:33 AM CDT

OMAHA (DTN) -- Farmers and other customers who lost money in the MF Global collapse in late 2011 can finally expect to get full restitution after the company reached a settlement in a civil case being filed by the Commodity Futures Trading Commission.

The CFTC announced on Thursday that it was charging MF Global Inc., as well as former CEO Jon Corzine, with unlawful misuse of nearly $1 billion in customer funds. Also included in the enforcement action is a former assistant treasurer for MF Global, Edith O'Brien.

Under the lawsuit, MF Global reached a settlement with the CFTC, agreeing ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a new, faster method of testing soybean cyst nematode samples is...
  • Profit Makeover When Curtis Schallert's 40-year-old stands of Kentucky-31 fescue petered out a few years ago, the...
  • UAVs Taking Flight in Ag The FAA this month began accelerating its exemption approvals for companies testing the skies wit...
  • Iowa's Field of Dreams Current Iowa land values are running about 16% below peak 2013 levels. That's according to a real...
  • Drought Recovery March auctions show cash rent shocks could mount in 2016.
  • Competing for Dollars Beef is far from a loser in the daily race for buyers at meat counters across the country. It's n...
  • CDC: No Human H5N2 Cases So Far So far, there are no reported cases of H5N2 in humans, but transmission of the highly contagious ...
  • Ask the Vet Can I cure my cow's uterine infection with an infusion?
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
Railcar Placements Improve This Spring
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
Gulke: Price Discovery
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Technically Speaking Blog