{"id":5726,"date":"2014-12-24T00:00:00","date_gmt":"2014-12-24T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/12\/mf_global_holdings_ordered_to"},"modified":"2022-05-19T13:43:54","modified_gmt":"2022-05-19T18:43:54","slug":"mf-global-holdings-ordered-to","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/","title":{"rendered":"MF Global Holdings Ordered to Pay $100M Settlement to CFTC"},"content":{"rendered":"<p>The U.S. Commodity Futures Trading Commission is fining MF Global Holdings Ltd. $100 million to settle allegations that the firm participated in wrongdoing that led to its own demise. In addition to the fine, the futures brokerage is responsible for giving back $1.212 billion in client funds that its MF Global Inc. was told to return last year. The company was also told to pay a $100 million penalty.<\/p>\n<p>The consent order, which has just been entered by the U.S. District Court for the Southern District of New York\u2019s Judge Victor Marrero, stems from a CFTC amended complaint charging MF Global Holdings and other defendants with unlawfully using customer money. As part of the settlement, the firm has admitted to the allegations related to its liability, which are related to its agents\u2019 acts and omissions that were named in the complaint and order.<\/p>\n<p>The CFTC said that MF Global Holdings, which ran the operations of MF Global Inc., was accountable for the latter\u2019s unlawful use of segregated customer funds during the final week of October 2011. The Complaint accused MF Global Holdings of being responsible for its unit\u2019s failure to notify the agency right away when it became aware of (or should have known) about the deficiencies that were arising in customer accounts, submission of false statements that did not show these deficiencies in reports to the CFTC, and its use of customer money for investments not allowed in securities that were very liquid or not readily marketable.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/\"  title=\"Continue Reading MF Global Holdings Ordered to Pay $100M Settlement to CFTC\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Commodity Futures Trading Commission is fining MF Global Holdings Ltd. $100 million to settle allegations that the firm participated in wrongdoing that led to its own demise. In addition to the fine, the futures brokerage is responsible for giving back $1.212 billion in client funds that its MF Global Inc. was told to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[3492,3493],"class_list":["post-5726","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","tag-cftc","tag-mf-global"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MF Global Holdings Ordered to Pay $100M Settlement to CFTC &#8212; Investor Lawyers Blog &#8212; December 24, 2014<\/title>\n<meta name=\"description\" content=\"The U.S. Commodity Futures Trading Commission is fining MF Global Holdings Ltd. $100 million to settle allegations that the firm participated in &#8212; December 24, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"MF Global Holdings Ordered to Pay $100M Settlement to CFTC &#8212; Investor Lawyers Blog &#8212; December 24, 2014\" \/>\n<meta name=\"twitter:description\" content=\"The U.S. Commodity Futures Trading Commission is fining MF Global Holdings Ltd. $100 million to settle allegations that the firm participated in &#8212; December 24, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MF Global Holdings Ordered to Pay $100M Settlement to CFTC &#8212; Investor Lawyers Blog &#8212; December 24, 2014","description":"The U.S. Commodity Futures Trading Commission is fining MF Global Holdings Ltd. $100 million to settle allegations that the firm participated in &#8212; December 24, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/","twitter_card":"summary_large_image","twitter_title":"MF Global Holdings Ordered to Pay $100M Settlement to CFTC &#8212; Investor Lawyers Blog &#8212; December 24, 2014","twitter_description":"The U.S. Commodity Futures Trading Commission is fining MF Global Holdings Ltd. $100 million to settle allegations that the firm participated in &#8212; December 24, 2014","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"MF Global Holdings Ordered to Pay $100M Settlement to CFTC","datePublished":"2014-12-24T06:00:00+00:00","dateModified":"2022-05-19T18:43:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/"},"wordCount":374,"keywords":["CFTC","MF Global"],"articleSection":["Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/","url":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/","name":"MF Global Holdings Ordered to Pay $100M Settlement to CFTC &#8212; Investor Lawyers Blog &#8212; December 24, 2014","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2014-12-24T06:00:00+00:00","dateModified":"2022-05-19T18:43:54+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The U.S. Commodity Futures Trading Commission is fining MF Global Holdings Ltd. $100 million to settle allegations that the firm participated in &#8212; December 24, 2014","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/mf-global-holdings-ordered-to\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"MF Global Holdings Ordered to Pay $100M Settlement to CFTC"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1um","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=5726"}],"version-history":[{"count":4,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5726\/revisions"}],"predecessor-version":[{"id":28239,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5726\/revisions\/28239"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=5726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=5726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=5726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}