Petition for NFA Board of Directors

#PFGBest Customers

Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.

Stay tuned to our website for more information.

Dear NFA Members,

I write you to ask for your support for two worthy individuals who the industry needs on the Board of Directors of the National Futures Association: John L. Roe and Blair Hedges. Please click here to fill out a petition to add them to this year’s ballot. Filing your petition will send the message to NFA management that you take your Democratic rights as a Member seriously, and that you are entitled to have the representatives that you vote for.

Put simply, no one has done more for our industry and its customers than John. He has spent literally thousands of hours in service, completely pro bono, resulting in the return of over $7 billion in customer assets that were deprived from their rightful owners in the frauds perpetrated at MF Global and PFG. Without his efforts, our industry would be a shadow of itself.

Despite his exemplary service as a NFA Director to which he was re-elected to a two-year term by, you the Members, only last year, John was left off this year’s ballot. As a Director, he has fearlessly and steadfastly put the interests of customers and our fellow CTAs and CPOs above his own. He has shined the light on the opaque compensation structure at NFA, provided independent corporate governance, lent critical technology expertise for enhancing the data security of Member data, and led the charge in defeating a capital requirements proposal that would have added much cost and complexity to Members with little benefit to customers.

While probably a somewhat newer face to you, Blair has a stellar track record of working on complex regulatory issues from all sides of the industry. He has worked in credit and operations within a major bank, as head of operational due diligence for two allocators to CTAs and CPOs, and now, as the COO/CCO at FDO Partners, which has been overseeing  FDO’s compliance with new regulations included in Dodd-Frank much like most of you. His ability to draw on his cross-disciplinary experience will add a unique point of view to the Board and allow him to advise on how regulations will impact all of these diverse groups. I am also confident that Blair will maintain his independence and advocate on behalf of the Members he represents rather than his own self-interest or that of his firm.

Thank you for all your support over the last several years. We truly appreciate the trust you have continually placed in us and will keep fighting to make NFA a more modern organization that remains responsive to its Members of all sizes.

Again, please click here to petition on behalf of John and Blair. Thank you again.

Yours truly,

James Koutoulas

#MFGlobal Customers

Are you a customer of MF Global? The CCC formally represents more than 200 clients in the bankruptcy process of MF Global on a pro bono basis, and informally represents thousands more in the public domain.

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About James Koutoulas 209 Articles
Co-Founder and lead attorney of the CCC, CEO of Typhon Capital Management and Typhon Securities.

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