Reuters on James Koutoulas and MF Global Customers (2012)

Reuters correspondent Nick Brown reported on James Koutoulas’s role in the MF Global bankruptcy in a January 11, 2012 story, “Brash commodities trader shakes up MF Global case.” The report followed Koutoulas’s transition from representing his own affected clients to organizing a broader customer coalition.

What Reuters reported

The Reuters story said that about $55 million belonging to Koutoulas’s clients was tied up when MF Global failed, and described him as an advocate for roughly 8,000 brokerage customers seeking full recovery. It reported that the grassroots Commodity Customer Coalition brought customers together and pressed for attention to the funds shortfall.

The report also covered Koutoulas’s public criticism of JPMorgan’s role in the bankruptcy and his call for scrutiny of whether certain collateral might belong to customers. These were positions and events reported during an active proceeding in 2012, not final findings that this page attributes to a court.

Original and syndicated source

Open the Reuters story. A Reuters-attributed syndicated copy is also available at Moneycontrol. This summary uses original wording and identifies contemporaneous figures as historical.

For current biographical context, see the James Koutoulas profile.