MF Global was a publicly traded futures broker that went down in spectacular fashion in one of the most dramatic financial collapses in market history. The bankruptcy was one of America’s largest as well as a major scandal, but more importantly, it shattered the trust of the institutional and retail investing public that believed their money was safe. Goldman Sachs Alumni, former Senator and Governor of New Jersey and CEO of MF Global, Jon Corzine’s massive ego and lack of internal controls at the firm led the company to a disaster of epic proportion, and even worse for its customers’ livelihoods. James Koutoulas, an attorney and CEO of Typhon Capital and President and Co-Founder of the Commodity Customer Coalition, a non-profit customer advocacy organization formed in response to the MF Global bankruptcy, tells the Street’s Jill Malandrino the CCC works with regulators, Congress, and industry leaders to better protect commodities customers.
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