A U.S. congressional panel on Friday voted without opposition to subpoena Jon Corzine, former chairman and CEO of MF Global, to testify next week on the company 's collapse.
MF Global filed for bankruptcy protection on Oct. 31 after a disastrous bet on European debt, and the U.S. Commodity Futures Trading Commission, Securities and Exchange Commission and Justice Department are investigating as much as 1.2 billion dollars in missing customer funds.
The House Agriculture Committee voted to issue the subpoena after Corzine failed to reply to an informal request to appear at the hearing. The panel's chairman, Frank Lucas, said Corzine's testimony is "essential to fulfill our objectives."
The Dec. 8 hearing will be a rare occasion when a former member of Congress was summoned by his former peers to brief on his leading role of a collapsed brokerage under federal investigation.
Corzine, a Democrat, represented New Jersey in the U.S. Senate from 2001 to 2005. He later served one term as New Jersey's governor before moving on to lead MF Global.
