MF Global, the brokerage listed in New York by London’s Man Group this year, will pay a total of $77m to settle with US regulators over claims that it played a part in hiding fraudulent actions that led to the 2005 collapse of a US hedge fund.

The company is to pay $69m in restitution, $6m in legal fees and a $2m fine to the commodity futures trading commission over its role as a broker for Philadelphia Alternative Asset Management, which was shut down by the CFTC for hiding losses from investors.