From Megan’s Law to JFK Airport, laws, rules and landmarks across the country are named after victims, heroes or important people. So why are financial regulators making Jon Corzine the eponymous hero of change? The National Futures Association (NFA) is contemplating implementing the “Corzine Rule” which will require principals of a futures firm to sign off on transferring sizable amounts of customer funds. But, why should Corzine get the glory? There is no “Madoff rule” or “Enron law.” The offenses committed by Madoff, Enron and others over the years spawned regulations that were not named by the perpetrators presumably because the changes were so necessary and so great that the origin of the need for investor protection would not be forever connected to one individual or firm. More on Business Insider here.
