NEWS
CFTC Recommends Civil Suit
Tue Jun 25, 2013 11:07 AM CDT

(Dow Jones) -- The U.S. Commodity Futures Trading Commission is expected to recommend a civil lawsuit against former MF Global Holdings Ltd. chief executive Jon S. Corzine for his role in overseeing the now-bankrupt securities brokerage.

CFTC officials have told lawyers for Mr. Corzine the commission would recommend the agency file a suit as early as this week, a person familiar with the case said. Commissioners at the CFTC would have to vote on any recommendation to file charges against Mr. Corzine.

In this case, only four of the five commissioners would vote to approve the action. CFTC Chairman Gary ...

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