Tags » Edith O'Brien

MF Global Holdings Ltd to pay $1.2 billion in restitution and a $100 million penalty

federal court in New York has ordered MF Global Holdings Ltd to pay $1.2 billion in restitution and a $100 million penalty over charges it misused customers funds and committed related supervisory violations, the U.S. 758 more words

MF Global Invesitgation Focuses on Treasurer, Soros Speaks on Europe: Wall Street Roundup

Probing MF Global: Two former back-office employees at MF Global, the broker-dealer led by Jon Corzine until its collapse last year, warned superiors that the firm was using clients’ funds to cover its own obligations. 399 more words

Morning Read

MF Global Official Pleads the Fifth in Case of Missing $1.6 Billion

Lawmakers investigating the spectacular collapse of MF Global hit a brick wall Wednesday when none of the company executives called to testify appeared to know anything about what went wrong at the firm, or the whereabouts of $1.6 billion in client funds that remains missing. 621 more words

Wall Street & Markets

Goldman Sachs: settles Chicago Merc CFTC trouble for only $1.5m

Goldman Sachs Group Inc. (GS) will pay $1.5 million to settle U.S. Commodity Futures Trading Commission claims the firm failed to supervise a trader who hid an $8.3 billion position. 1,411 more words