Corzine settles with CFTC over MF Global collapse, to pay $5 million

© Reuters. Corzine testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington© Reuters. Corzine testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington

(Reuters) – Jon Corzine has agreed to pay a $ 5 million civil fine to settle a lawsuit by the U.S. Commodity Futures Trading Commission over the 2011 collapse of the former New Jersey governor’s brokerage, MF Global Holdings Ltd.

The settlement was disclosed in a Thursday filing with the U.S. District Court in Manhattan. Corzine also agreed to never again work for a futures commission merchant, or register with the CFTC in any capacity.

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