Apr 23

How MF Global’s collapse prompted two men to challenge the futures industry

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Commodity trading advisers James Koutoulas and John Roe, who manage client money invested in the futures market, were among the investors and traders who lost personal and customer funds in the meltdowns of MF Global Inc. and Peregrine Financial Group Inc. After the MF Global collapse, they created the Chicago-based Commodity Customer Coalition to bring together customers to fight in Bankruptcy Court for the return of their MF Global money. The group also asked Congress for legal and regulatory changes that would better safeguard customer funds.