On June 27th, the CFTC filed an enforcement action against MF Global Inc., a registered futures commission merchant, MF Global Holdings Ltd., former CEO Jon S. Corzine, and former Assistant Treasurer of MF Global Edith O'Brien for, among other violations, MF Global's improper use of customer funds. MF Global has agreed to settle and will provide complete restitution to customers and pay a $100 million penalty. The CFTC also seeks full restitution and penalties against MF Global Holdings, Corzine, and O'Brien, in addition to trading and registration bans and injunctions against Corzine and O'Brien. CFTC Press Release.