A plan to ban Jon Corzine, the former chief executive of MF Global, from the futures industry for life for failing to protect the failed brokerage’s customers faces an uphill battle at a key industry regulator. Two newly elected members of the National Futures Association (NFA) board have proposed barring Corzine, the former New Jersey governor who led the broker when it failed in October 2011. The board is set to discuss the plan at a quarterly meeting in Chicago on Thursday. Other NFA officials are hesitating to back the motion out of fear it may interfere with a probe by another regulator, the U.S. Commodity Futures Trading Commission (CFTC). More on Reuters here.
