MF Global to pay $1.21B to cover in­vestor losses

The Washington Times Daily - - Business -

MF Global Inc. must pay back $1.21 bil­lion to en­sure cus­tomers re­cover their losses sus­tained when the bro­ker­age firm failed in 2011.

The resti­tution is be­ing levied fol­low­ing a com­plaint filed by the U.S. Com­mod­ity Fu­tures Trad­ing Com­mis­sion ear­lier this year that al­leged MF Global un­law­fully used cus­tomer funds for the com­pany’s needs in its fi­nal weeks.

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