Jan 18

Futures regulator dogged by questions on conflicts, governance

Crain’s Chicago Business

Those board members, James Koutoulas and John Roe, filed a joint complaint with the CFTC last year, alleging NFA management fudged board minutes to advance the election of board members who weren’t properly nominated. The battle isn’t about the minutiae of recordkeeping but rather consolidating power, Koutoulas says. “NFA just wants to control every seat on that board,” he says. He’s called for the ouster of Roth and NFA General Counsel Tom Sexton.