Jun 05

Bancorp sued over ‘Midwest Madoff’ brokerage accounts

James Koutoulas, a lawyer and money manager, who co-founded the Commodity Customer Coalition to advocate for former MF Global and Peregrine customers offered cautious optimism on the CFTC suit on Wednesday. “It’s really the first ray of hope that we’ve seen for a while, and it’s a good one,” Koutoulas said of the complaint, describing the CFTC’s case as “pretty damning.”