Testimony of Mark P. Wetjen Acting Chairman, Commodity Futures Trading Commission Before The U.S. Senate Appropriations Subcommittee On Financial Services And General Government
Dodd-Frank was passed in 2010 but new CFTC authority to pursue fraud and manipulation are just coming on line. What will they do with it and what will it mean for the industry.
MF Global Inc. will now begin making final distributions to its customers to satisfy its obligation of full restitution for $1.212 billion in losses sustained by customers of MF Global when the company failed in 2011.
The CFTC obtained a federal court consent Order against Defendant MF Global Inc. (MF Global) requiring it to pay $1.212 billion in restitution to customers of MF Global to ensure customers recover their losses sustained when MF Global failed in 2011.
