This was the type of trading that sunk his prior firm, MF Global Holdings Limited, just eight years ago.

Despite this, many are going to be asking an obvious question: why is he allowed to return to Wall Street to begin with?

Corzine was banned from the futures industry when his firm MF Global went bankrupt and despite his new fund, JDC–JSC, not generating much buzz, it still launched early last year in New York.

Corzine was, of course, a US senator and governor of New Jersey and has pitched his new fund as a way to leverage his experience on Wall Street to anticipate how Donald Trump's policies would affect markets. In other words, he'll probably just be buying S&P futures and SPY ETFs.

He set out with the goal of raising $100 million to $300 million during his first year of trading, but the fund had only taken about $53 million from US investors as of early February. This number jumped to over $600 million in late March, but could be a result of the firm taking on leverage – just what he needs.

Since the firm's assets exceeded $150 million, it was forced to register with the SEC. Even though most applications are approved automatically, some managers with a disciplinary record can face restrictions. One of Corzine's lawyers worked with the SEC to develop these new restrictions to improve the likelihood that the fund's registration would be granted.