Recouping losses for burned investors
Recouping losses for burned investors
James Nix, 45

On crusade since: 2000

Day job: Senior attorney, Illinois Securities Department

Achievement: Recouped more than $1 billion for investors in settlements with major firms

Why he's a hero: Nix has spent 12 years battling financial bad guys and recovering investors' money from Wall Street giants.

In 2008, the ex-accountant helped negotiate a $1 billion settlement with Goldman Sachs after the market froze up for auction-rate securities it and other banks sold. In 2011 he got millions from Schwab to settle losses in its ostensibly safe YieldPlus bond fund.

Says Nix: "For some defrauded investors, recovering money is a matter of life and death."


By Penelope Wang and Joan Caplin @Money - Last updated July 11 2012: 12:39 PM ET
Join the Conversation
Champions of the small investor

Vanguard founder Jack Bogle and his diehard online followers were chosen as MONEY Heroes for their commitment to spreading investment advice that preaches simple, low-cost, diversified investing.

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.