Corzine Visited NY Fed as MF Global Sought Primary Dealer Status
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Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., met with New York Federal Reserve officials in 2010 as the broker sought to become a primary dealer of government securities, Thomas C. Baxter Jr., general counsel of the New York Fed, said.
Corzine met with the New York Fed on June 1, 2010 and discussed the firm’s efforts to improve its credit structure by raising $150 million in equity, Baxter said in testimony prepared for a hearing tomorrow of the House Financial Services subcommittee on oversight and investigations.