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FBN’s Liz MacDonald weighs in on whether the National Futures Association will ban Jon Corzine for life.
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Be punished for the loss of one point six billion dollars in investor money yet MF global as with mcdonalds.
On the -- bank Corzine full life from futures trading this what's the latest on the silly.
It is says they national futures association is having a hearing to board members are program putting forth a proposal to ban -- for life.
The breaking news right now is that the board meeting is being is hung up because.
The NFA board is concerned they don't want to have -- BI crossed wires with other probes into Jon Corzine in other words -- if they would have to have a hearing -- Jon Corzine would come in.
And that -- -- -- and counter to what other efforts are underway.
At places like this CFTC -- behind the push to ban.
-- Jon Corzine for life.
Up from futures trading is what these two board members are saying they're saying they don't want it hanging out a shingle.
And then getting investor money in the future take a look at what else -- saying that regulators to date have not enforce anything against Jon Corzine.
Is -- under any sanctions he hasn't been charged many -- We want to hold them accountable there have to be consequences.
Now -- -- -- to -- official did tell Fox Business look at this.
That it is closely watching the national futures association board meeting a look at the second point I don't see this yet to see overturning.
A decision by the NSA to band Jon Corzine pro life.
From futures trading so you know right now with that that's at this hour it is still a developing story they still are in a meeting on whether or not to ban -- -- life.
They have they have the news that's coming up to is basically.
The NFA has banned for life dozens of traders -- 2008 from Corzine did we haven't Corzine's people have gotten back to Fox Business there is no comment the SEC is not commenting on whether they were -- -- securities trading but -- these guys this and we want this to be an impediment they want him to be.
Basically stopped he would have to this.
Disclosed to future investors are regulators that he was split -- for life by the NFA if he does try to manage money in the few he's trying to start a hedge -- and this is what that's sliver of narrative right Japanese you have to have a hearing and an end and I think probe so -- that the issuance GMAC thank you so sure -- In -- coming up will be.
