CCC’s Presentation on a Captive Insurance Company offering Commodity Customer AccountInsurance. CLICK HERE TO VIEW FULL SCREEN  The CCC is working on a plan to provide insurance for commodity customer accounts through the private market.  The plan involves setting up a captive insurance company, owned by various industry constituents, which would offer insurance policies to

More than a year after MF Global’s demise, why hasn’t the National Futures Association taken action against Jon Corzine?  For his malpractice Mr. Corzine should be permanently barred from NFA membership, associate membership and from acting as a principal of an NFA member.  He should receive the maximum NFA fine as well. Customers of MF

This article originally appeared as part of a December 8, 2012 Reuters dispatch. By Tom Polansek and Ann Saphir Long-derided as unsuitable for sophisticated futures markets, insurance is getting a surge of attention heading into the new year as the industry works to patch itself up after the stunning collapse of brokerage MF Global in

On Friday December 14, 2012, the NFA officially mailed ballots for the upcoming election for their Board of Directors.  James and I made the decision to run for the CTA/CPO representative positions so that would could further the CCC’s mission to return assets to commodity customers embroiled in the MF Global and PFGBest insolvencies and in order strengthen customer protections for

This article originally appeared on the Farm Futures website on December 3, 2012. A trio of major speakers will discuss policy options designed to enhance futures market customer protections when they address the National Grain and Feed Association’s 41st annual Country Elevator Conference Dec. 9-11 in Omaha, Neb. Walt Lukken, president and chief executive officer

This article originally appeared as a November 21, 2012 Reuters dispatch. By Tom Polansek WASHINGTON, Nov 21 (Reuters) – Cantor Fitzgerald will pay a $700,000 fine to settle allegations it allowed a shortfall in futures-customer funds just months after the collapse of MF Global left a gaping hole in customers’ accounts, regulators said on Wednesday. The

This article originally appeared in the November 14, 2012 edition of the Delta Farm Press. by David Bennett It has been just over a year since the collapse of commodities brokerage MF Global and the disappearance of some $1.2 billion — much of it invested by the U.S. agriculture sector — in illegally-accessed, and supposedly segregated, customer funds.

This article originally appeared in the November 13, 2012 edition of Crain’s Chicago Business.   By: Lynne Marek Two Chicago futures trading advisers who were instrumental in helping MF Global Inc. customers recover money from the collapsed firm are seeking election to the board of an industry regulator, even though a nominating committee bypassed them. James

This article originally appeared in the November 1, 2012 issue of Futures Magazine. BY DANIEL P. COLLINS The MF Global debacle has many interesting angles and has taken on a variety of conspiracy theories, though none really are necessary. At the end of the day, what we are talking about is theft, as National Futures Association