The Wall Street Journal
James Koutoulas advocate for commodity customers- Chicago Tribune “This makes it 3-for-3 for official reports that blame [Mr. Corzine] for the collapse,” said James Koutoulas, a commodities investor and lawyer representing some of the firm’s former customers.
Category: Media
-
MF Global Trustee’s Report Blasts Corzine
-
MF Global Customers to Recoup $546 Million
The Epoch Times
The trustee of bankrupt MF Global Inc. settled a dispute with J.P. Morgan March 19 that will see $546 million returned to customers. Some experts think the settlement helps to return client funds quickly while others think J.P. Morgan got off too easy. -
Hedge- fund manager an impassioned advocate for commodities customers
Koutoulas quickly rallied thousands of customers using social media. It was a voice filled with idealism that the people who harmed investors would be held accountable. On CNBC appearances, Koutoulas said things that many were afraid to say publicly. He called Corzine a criminal, suggested that the head of the U.S. Commodity Futures Trading Commission should step down and criticized giant investment bank JPMorgan Chase & Co. for apparent conflicts of interest in the bankruptcy case.
-
Kick the bum out: Regulator set to weigh lifetime ban for Corzine
New York Post
Roe and James Koutoulas, who helped recover money for MF’s jilted customers, plan to present the proposed ban as their first action as NFA directors. Both were elected in January. MF’s 2011 downfall led to regulatory probes and hearings on Capitol Hill after it was discovered that Corzine’s company improperly tapped $1.6 billion in customers’ funds leading up to its bankruptcy filing. -
Top 20 most influential: 2012 movers and shakers
Futures Magazine
JAMES KOUTOULAS/JOHN ROE, co-founders of the Commodity Customer Coalition. As the MF Global debacle passed its one-year anniversary, Koutoulas and Roe continued to advocate on behalf of former MF Global customers and industry reforms, appearing before Congress to promote their reforms, including an insurance plan modeled after the Canadian regulatory regime. The CCC also stepped up for PFGBest customers after the unthinkable happened again. -
The Case Against Corzine
ZeroHedge
If Corzine is allowed to walk, it sends the message to not just the futures industry, but the entire US financial complex, “You can steal customer money from not just commodities accounts, but savings accounts, checking accounts, 401ks, and IRAs so long as you pay Obama 500k in bundled protection money, err, campaign contributions.” And, while the current administration clearly doesn’t care about the integrity of markets, I do. -
The 25 Most Dangerous People in Financial Media (In a Good Way)
Huffington Post
Koutoulas was so infuriated by the blatant screwing over of his customers that he became a fixture at all of the bankruptcy hearings, not to mention a fixture in the dumbfounded media who worked overtime to explain exactly what went wrong at the brokerage firm and why it never should have been permitted to happen. -
Rep. Grimm and 64 others call on Holder
Futures Magazine
Two weeks after first circulating a letter addressed to Attorney General Eric Holder asking Holder to appoint an independent counsel to take over the investigation into improprieties involved in the MF Global bankruptcy, Rep. Michael G. Grimm (R-N.Y.) officially delivered the letter to Holder having secured 64 signatures of fellow Republican members of Congress. -
Evidence of fraud at MF Global
Futures Magazine
The Commodity Customer Coalition delivered a memo to U.S. Attorney General Eric Holder as well as U.S. attorneys from New York and Chicago and members of Congress stating that there is clear evidence of an intent to commit fraud by MF Global in its closing days. -
An Open Letter to Jamie Dimon
But, there’s a reason that during Triumphs in Ancient Rome, a slave stood behind the Emperor whispering “all glory is fleeting” in his ear. Because, it is. And, one day, something bad will happen to JPMorgan Chase. I don’t know if it will be a blow-up of the bank’s some $500 Billion in re-hypothecation exposure or a squeeze on its rumored massive short silver position. Or, if the United States will again see a regulator that believes in, and enforces, stiff punishment for misconduct by banks. But, we will all find out should you continue down the path you are on.