Corzine Subpoena Approved by Senate Committee

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The U.S. Senate Agriculture Committee voted to subpoena Jon S. Corzine, former CEO of MF Global Holdings for a December 13th hearing to address collapse of broker.  

Senate lawmakers voted to issue the subpoena at a meeting in Washington yesterday.  The House Agriculture Committee last week voted to subpoena Corzine for a hearing tomorrow.

Jill E. Sommers, commissioner of CFTC, and Terrence Duffy, executive chairman of CME Group are also scheduled to testify at the hearing tomorrow of the House Agriculture Committee.    

In addition, William Brodsky, CEO of CBOE Holdings Inc, Dan Roth, CEO of the NFA, and Gerry Corcoran, CEO of R.J. O’Brien and Associates, are also on the schedule.

MF Global sought bankruptcy protection on October 31st after making wrong-way bets on European sovereign debt. Congress and federal regulators including the CFTC and SEC are investigating as much as $1.2 billion in missing customer funds.

 

Anna Timone (195 Posts)


Comments

  1. where is Gary as head of CFTC he should have to testify as well considering
    Corzine was his boss at Goldman and Corzine talked the CFTC in to delaying
    new regulation which would have prevented this in the first place

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