The CFTC and Jon Corzine have reached a tentative agreementto resolve a case that the regulator filed against the former CEO over thecompany's collapse, The New York Timesreported, citing "people briefed on the matter."
The settlement would require Corzine to pay about $5 millionin penalties using his own money. Corzine would also be prohibited from handlingother people's money in the futures industry, according to the report.
The CFTC sued Corzine for his alleged role in the misuse of $1billion in customer money in the days leading up to the company's filing forbankruptcy protection.
The settlement awaits the approval of the regulator's threecommissioners. If approved, the deal could be announced by the end of 2016,according to the report.