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Tag Archives: CPO

NFA Election – Ernest Jaffarian reply to statements of James Koutoulas and John Roe Blog

From Ernest Jaffarian: I find it necessary to speak to a number of mischaracterizations regarding the service of Doug Bry and myself on the NFA Board. It was Doug Bry who originally suggested to me in 2011 that I pursue election to the NFA Board.  He did so out of a deep concern for the needs of CTAs and their clients in the wake of MF Global.  When the nominating committee chose to nominate the incumbent to a non-contested position on the ballot, he encouraged me to petition to be added to the ballot.  It was then that I encouraged…

Dear Mr. Roe, Thanks for the Reply Blog,Commentary

John Lothian

John Roe has responded to my editorial supporting Ernest Jaffarian and Doug Bry over him and James Koutoulas for the upcoming election. He posted it on the Commodity Customer Coalition website. As promised, I posted it to John Lothian News, excerpting it in a blog post and directing people to the original source. There is nothing in his response that has changed my mind. Roe and James Koutoulas are politically connected at the hip. Many of my criticisms were aimed at Koutoulas, and Roe has seemed to take on guilt by association. That is fine. It is how this election…

A Tale of Two Responses Blog,Commentary

John Lothian

My commentary about the NFA CTA/CPO election on Friday elicited different responses from the candidates I did not endorse; John Roe and James Koutoulas. Roe sent a respectful note, asked for a public clarification of some points and the opportunity to respond in this newsletter. Koutoulas took a different tack and decided to threaten me with a lawsuit for libel if I did not retract my commentary. John Roe is a classy guy and it showed in his response to me. He noted that he successfully petitioned to get on the ballot, he was not a “write-in” candidate, and asked…

James Koutoulas Needs to Put Up or Step Aside Blog,Commentary,Managed Futures,Regulation

NFA board of directors member James Koutoulas has made some troubling accusations about the nomination of public directors by the NFA Board’s Executive Committee.  He needs to come forth with some convincing smoking gun, proving the conspiracy and cover up he is accusing NFA staff and fellow Executive Committee members of, or resign from the board. Word of Koutoulas’ accusations filtered out of a Commodity Customer Coalition Town Hall webcast and were reported by Lynne Marek of Crain’s Chicago Business. Koutoulas claims the NFA Executive Committee did not properly nominate the public directors to the NFA Board.  The chairman of…

Unfinished Business: John Roe Asks for Two More Years on the NFA Board of Directors Blog,Managed Futures,Regulation,Video

This year’s elections for the  board of directors of the National Futures Association is underway. John Lothian News spoke with several of the candidates, including commodity trading advisor and Commodity Customer Coalition co-founder John Roe, first elected to the board two years ago pledging reform. “When I ran for the board of directors two years ago,” says Roe, “we set out to accomplish a few things with regard to customer protections and increasing regulatory efficiency. Two years just simply is not enough time to get all of that done, and I feel we have a lot more to accomplish.” Roe is commodity…

A Radical Choice in NFA’s CTA/CPO Election Category Commentary,Regulation

John Lothian

Turnover on the NFA’s Board of Directors comes infrequently. I can’t remember a single instance where a non-Nominating Committee slated candidate succeeded in being elected until Ernest Jaffarian and Douglas Bry were elected last year. This year could be the same with two high profile write-in nominees on the ballot. James Koutoulas and John Roe, the two co-founders of the Commodity Customer Coalition (“CCC”), are write-in candidates on the ballot for positions on the board of directors of the National Futures Association representing CTAs and CPOs. These two customer-focused media-savvy upstarts square off versus two representatives of the futures industry…

John Lothian News launches FuturesCrowd.com Blog,Tech / HFT

FuturesCrowd

Who wants to be a Millionaire? In the television game show “Who Wants to be a Millionaire,” contestants have 4 choices on how to answer the questions.  They can answer themselves, or if they don’t know the answer, they can use one of three lifelines to try to come up with the answer. There are three types of lifelines that were used when I watched the Regis Philbin US version of the show: 50/50, Phone a Friend and Poll the Audience. Each one of these lifelines has a unique approach to problem solving.  50/50 is purely probability based.  You get…

Guest Commentary: How to Save the Futures Industry Commentary,Regulation,Tech / HFT

They're saved

Guest Commentary By Jeff Malec, CEO – Attain Capital Management: To say the MF Global situation is a mess may be the understatement of the century. What began as an excuse to extol the segregated account’s safeguards against an FCM stock slide as MF Global shares lost 70% of their value in a week rapidly morphed into a full-fledged industry disaster as bankruptcy papers were filed and executives acknowledged a shortfall in those previously sacrosanct accounts. This admission, in conjunction with the bankruptcy, has caused over $5 Billion of customer funds held by MF Global to be frozen, unable to…

George Rohrs – Uhlmann Price Securities Interview,Managed Futures,Video

George Rohrs

George Rohrs, Jr. got his start in the managed funds business with R.J. O’Brien & Associates in the early 1980s, where he helped the firm develop its commodity pool operator business along with managed futures. Today, he is the owner and president of Rohrs & Co. and senior investment executive with Uhlmann Price Securities. Rohrs spoke with John Lothian & Co.’s Jessica Titlebaum about how he met legendary investor Jim Rogers in 1996, and developed a fund that tracks Roger’s International Commodity Index starting in 1998.