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Former New Jersey governor and Goldman Sachs co-chairman Jon Corzine agreed to pay a $5 million civil fine in a settlement with U.S. regulators over the 2011 collapse of MF Global Holdings Ltd. So reports Reuters.

The deal represents the closing of litigation against Corzine’s commodity brokerage, which saw close to $1.6 billion of customer money go missing. Corzine is barred from working for a futures commission merchant or registering with the CFTC and he cannot ask insurers to cover the costs.

Corzine and other former MF Global executives reached a related $132 million settlement last year and, prior to that, executives reached a $64.5 million settlement in additional, separate litigation.

Read the full story from Reuters.

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