PFGBest - Will Clients Recover Any Funds?

(QQQ)(SPY)(DIA)(GS)(MS)

by DeWayne Reeves

PFGBest Town Hall Meeting w/ James Koutoulas

As you know, the PFGBest (Peregrine Financial) debacle has left many investors and traders devastated. After $1.6 billion of client funds "vanished" at MF Global, regulators boldly promised the investing public... "Never again". While many of the clients were sophisticated investors and hedge funds, a vast majoirty of PFG clients were Main Street traders, not Wall Street predators.

Town Hall Registration - https://www1.gotomeeting.com/register/966685016 

Small business owners across the country who earned their living trading Emini Futures including the S&P500, Dow, Nasdaq and the Russell, along with Crude, Gold, Grains and Currencies suddenly found themselves "out of business". This was a shake up and a wake up call, the likes of which the National Futures Association (NFA) and futures traders themselves had never before experienced.

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Discussion Forum For Victims Of MF Global And PFGBest

MF Global / PFGBest Discussion Forum

In response to our interview with James Koutoulas of the Commodity Customer Coalition, we have created an online forum for victims of the MF Global and PFGBest fraud. 

If you were a customer of either firm or simply wish to voice your opinion - Visit the Forum and be the first to post. Feel free to share your opinion as well in regards to the regulators who seemed to have been asleep at the wheel in both instances.

Clicking the headphones above will play the entire Daily Live Broadcast from Friday July 13, 20012.

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James Koutoulas Speaks Out On MF Global - PFG And Jamie Dimon

James Koutoulas co-founder of the Commodity Customer Coalition, which represents the interests of over 10,000 investors and traders, pulled no punches today as he spoke with great passion regarding the plight of those who have been victimized not only by Jon Corzine of MF Global (currently partying in the Hamptons) Russell Wasendorf Sr. of PFGBest (currently incarcerated) but by the very regulators who were put in place to protect them. The breach of fiduciary duty is heinous at best.

"My goal is real simple: getting everybody's money back," he says. "And I think we have a very high likelihood of doing just that." In early November, Koutoulas, along with fellow Chicago futures trader, John Roe – son of Tennessee Republican congressman Dr. Phil Roe – founded the Commodity Customer Coalition, a grassroots group that seeks to represent the complex legal interests of MF Global's former clients and now those of PFGBest.

To listen to today's interview simply click the headphones above.

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James Koutoulas Live On CFRN - Friday 07/13/12 12:45 EDT

James Koutoulas Co-Founder / Commodity Customers Coalition

Friday July 13, 2012 @ 12:45 EDT, we will conduct a live question and answer session with James Koutoulas on the Christian Financial Radio Network. Go to http://cfrn.net to listen to the live audio stream and participate in the discussion.

Koutoulas, who runs commodity trading advisory firm Typhon Capital Management in Chicago, saw about 50 of his clients affected in the aftermath of the discovery of the fund shortfall — when MF Global Trustee James Giddens immediately froze all customer accounts and no one one was allowed to make withdrawals. Altogether, Koutoulas' customers had roughly $55 million held up at MF Global.

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