3 ms·
This is why in regulated securities markets customer assets must be held in segregated accounts. Corzine, who knew better, ended up with an orange suit for not
by fnordpiglet 4y ago
This is why in regulated securities markets customer assets must be held in segregated accounts. Corzine, who knew better, ended up with an orange suit for not doing this.
- qeternity 4y agoDid Corzine actually go to jail? This didn't sound right to me and a quick search suggests no.
- Telemakhos 4y agoHe did not go to jail, which prompted a satiric call to "Free the Honorable Jon Corzine." His LinkedIn page describes him as running "an opportunistic macro hedge fund."
- fnordpiglet 4y agoYes you’re right he didn’t. He ended up paying a $5mm civil fine and was barred from futures business. I misremembered, my bad.