Forget the symbolic fines etc. According to Dealbook federal regulators are poised to sue Jon S. Corzine over the collapse of MF Global and the brokerage firm’s misuse of customer money during its final days, a blowup that rattled Wall Street and cast a spotlight on Mr. Corzine, the former
New Jersey governor who ran the firm until
its bankruptcy in 2011.
Without directly linking Mr. Corzine to the disappearance of more than $1 billion in customer money, the trading commission will probably blame the chief executive for failing to prevent the breach at a lower rung of the firm, the law enforcement officials said. If found liable, he could face millions of dollars in fines and possibly a ban from trading commodities, jeopardizing his future on Wall Street…
Read all about it at http://dealbook.nytimes.com/2013/06/24/u-s-civil-charges-against-corzine-are-seen-as-near/?partner=MYWAY&ei=5065