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MF Global

MF Global Trustee Makes Customers Whole

MF Global Inc. customers will be fully repaid, announced the trustee James Giddens on Thursday. The firm, at the time headed by former New Jersey Governor Jon Corzine, collapsed in 2011 after massive risky bets on European debt. As part of the collapse, and immediate bankruptcy, it was discover that money was missing from more 26,000 securities and commodities futures customer accounts. The trustee said a total of $6.7 billion will be returned to customers making their accounts whole. Distributions will start on Friday.Copyright © 2014 MarketWatch, Inc....

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  1. PwC Gets Sued for $1B over MF Global Collapse

    The administrator of MF Global Holdings Ltd's bankruptcy plan on Friday sued PricewaterhouseCoopers for at least $1 billion, accusing the auditor of professional mal...

  2. U.S. fines Morgan Stanley for not segregating client funds

    The Commodity Futures Trading Commission on Thursday fined Morgan Stanley $490,000 for violating rules that require futures brokers to protect clients by keeping the...

  3. Ex-MF Global Chief Corzine's Son Dies: Reports

    The 31-year-old son of Jon Corzine, the former New Jersey governor and ex-chief executive of now-collapsed commodity-trading firm MF Global, has killed himself, acco...

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    FBN’s Charlie Gasparino weighs in on a disturbing trend on Wall Street.

  5. IMF raises global forecast for first time in two years

    FBN’s Cheryl Casone with the latest business headlines.

  6. Is Jon Corzine finished on Wall Street?

    FBN’s Charlie Gasparino on the fallout from the collapse of MF Global .

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    FBN's Cheryl Casone breaks down mid-afternoon market news.

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