The industry is still working to repair itself, according to John Roe, a partner at a brokerage firm in Chicago and a co-founder of the Commodities Customer Coalition, a non-profit group fighting for the rights of over 300 MF Global clients. Patty and Tom Leffler run their small commodities brokerage, Leffler Commodities, from the basement of their home in Augusta, Kan.
Many brokers are hurting, according to Melinda Schramm, the founder and chairman of the National Introducing Brokers Association, which represents about half of the 700 or so people who make their living as Introducing Brokers.
He works with his clients and then passes their trades to a large brokerage house like MF Global.
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