Jon Corzine, through his spokesman, defended his actions in light of yesterday's new report on MF Global, saying he "worked tirelessly and in good faith to turn the business around," before the company collapsed in October 2011.

The new report, by investigator Louis Freeh, laid the blame for the firm's collapse at the feet of an aggressive trading strategy led by Corzine. The report called Corzine "negligent" and questioned the company's oversight.