MF Global told to pay out $1bn

Tim Wallace
Follow Tim
MF GLOBAL has been ordered to give customers $1.2bn (£745m) and regulators $100m by a federal court judge.

The brokerage collapsed two years ago, leading to action by the Commodity Futures Trading Commission (CFTC) aimed at recovering customers’ lost money.

The CFTC had accused MF Global of using customer funds for proprietory trading.