Dec 22

MF Global Advocate Koutoulas At Center of Controversy Again

At the center of controversy’s spotlight is a familiar figure, James Koutoulas, an elected board member of the National Futures Association representing derivatives-based hedge funds known as CTA’s and CPO’s. Koutoulas was hailed in 2012 for his efforts on behalf of a portion of MF Global account holders who initially lost funds from their segregated accounts and was swept into office resulting from his popularity generated from the media spotlight. But now, four years and two elections later, a survey of National Association of Introducing Brokers board members shows Koutoulas having diminishing support among the group as he engages in what appears like a cat fight with some of the derivatives industry’s most storied names.