Corzine may be blacklisted from futures industry by regulator

CHICAGO Thu Feb 21, 2013 5:53pm EST

CHICAGO Feb 21 (Reuters) - A key U.S futures-market regulator said Thursday it will block Jon Corzine, the former chief executive of failed broker MF Global, from the futures industry unless he clears an investigation into his fitness as a participant.

The National Futures Association, which oversees brokers and asset managers, is "aware of publicly available information that raises issues" about Corzine's fitness for membership, NFA Chairman Chris Hehmeyer said in a statement.

Corzine will not be granted membership in the future "unless NFA, after completing its fitness investigation, resolves those issues to its satisfaction," Hehmeyer said.

Corzine's membership has lapsed.

MF Global collapsed in October 2011 after dipping into customer accounts in violation of industry rules, leaving a $1.6 billion hole in its customers' accounts and shaking confidence in the futures industry.

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Comments (3)
bottomgun wrote:
Why isn’t Corzine in jail for co-mingling customer money?

Feb 21, 2013 6:29pm EST  --  Report as abuse
tonyg10 wrote:
Blacklisted?? You’ve got to be kidding, the bum belongs in jail for what he did. Blacklisting is too easy, he deserves jail maybe more for what he did. And where is the money??

Feb 21, 2013 7:30pm EST  --  Report as abuse
slowboat2 wrote:
Why isn’t he in jail? Could it be that he is a democrat from NJ? He can’t account for $1.4 billion and he wants back in the industry. Democrats rally round. You and make it happen. We need this guy back in the industry.

Feb 21, 2013 7:49pm EST  --  Report as abuse
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