Quantcast

Sen. Moran Statement on CFTC’s MF Global Restitution Announcemen - KOAM TV 7

Sen. Moran Statement on CFTC’s MF Global Restitution Announcement

Updated:

NEWS RELEASE ISSUED NOVEMBER 18, 2013 BY THE OFFICE OF U.S. SENATOR JERRY MORAN

Sen. Moran Statement on CFTC’s MF Global Restitution Announcement

“The $1.2 billion restitution fine and $100 million civil penalty announced today are important steps in restoring trust in markets and making certain bad actors in our financial system face appropriate consequences.”

WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.), a member of the Senate Banking Committee, released the following statement today regarding the Commodity Futures Trading Commission’s (CFTC) investigation of MF Global:

“The actions of MF Global harmed investors and jeopardized confidence in the security of financial markets. The $1.2 billion restitution fine and $100 million civil penalty announced today are important steps in restoring trust in markets and making certain bad actors in our financial system face appropriate consequences. Farmers, ranchers and investors will soon learn that their long-overdue funds have been ordered to be restored, but they should also know this is not the end of the story.

“The CFTC continues litigation with former-MF Global chairman Jon Corzine and other senior management in pursuit of justice. Nothing can undo the damage to these segregated account holders caused by the actions of MF Global. But I am hopeful the actions of the court today begin to repair some of the trust in the futures market that was lost when MF Global filed for bankruptcy.”

# # #

  • Local NewsMore>>

  • Cemetery History Lesson

    Cemetery History Lesson

    Friday, October 20 2017 11:02 PM EDT2017-10-21 03:02:29 GMT

    Halloween may be just around the corner, but Friday night's cemetery tour in Nevada, Missouri was an educational affair. But that doesn't mean, it wasn't a lot of fun! 

    More >>

    Halloween may be just around the corner, but Friday night's cemetery tour in Nevada, Missouri was an educational affair. But that doesn't mean, it wasn't a lot of fun! 

    More >>
  • Explosion in Newton County Destroys Home

    Explosion in Newton County Destroys Home

    Friday, October 20 2017 8:11 PM EDT2017-10-21 00:11:45 GMT
    "I thought maybe thunder but no. It ain't supposed to rain" Stan Curtis heard his neighbor's and friend's home explode just before five o clock in the morning. He was the one to let them know what happened. "I was relieved to talk to him to actually know that they weren't in it" he says. He called the fire department and they had already been notified by another neighbor "This morning we were dispatched to a structure fire with reports of an explosion. we...More >>
    "I thought maybe thunder but no. It ain't supposed to rain" Stan Curtis heard his neighbor's and friend's home explode just before five o clock in the morning. He was the one to let them know what happened. "I was relieved to talk to him to actually know that they weren't in it" he says. He called the fire department and they had already been notified by another neighbor "This morning we were dispatched to a structure fire with reports of an explosion. we...More >>
  • Shattering the Silence

    Shattering the Silence

    Thursday, October 19 2017 11:44 PM EDT2017-10-20 03:44:36 GMT

    Thursday night's PSU event for the victims of domestic violence was all about making voices heard. 

    More >>

    Thursday night's PSU event for the victims of domestic violence was all about making voices heard. 

    More >>
Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2017 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.