The SEC charged Public Health Trust, the acting authority for the Jackson Health System, with misstating present and future revenues. The SEC found that Public Health Trust projected a non-operating loss in the official statement, but reported a figure that was four times lower than what was ultimately reported at the end of the 2009 fiscal year. Additionally, the SEC found that Public Health Trust failed to properly account for an adverse arbitration awarded, and misrepresented that its financial statements were prepared according to U.S. Generally Accepted Accounting Principles ("GAAP"). The

CFTC Commissioner Bart Chilton delivered a speech to the Michigan Agri-Business Association, analogizing the "brutality" of commodity markets with popular reality TV shows. Paralleling topics such as Massive Passive investors with "those guys on Deadliest Catch," Chilton attempted to use popular culture to express his views of the financial markets. The Commissioner addressed the lack of resources among "under-funded" enforcement officials who are attempting to regulate the market, stating that a CFTC enforcement reality show should be created about the "many Unsolved Mysteries" of the

The CFTC Division of Market Oversight determined that the Euronext Amsterdam AEX-Index mini futures contract and the Euronext Paris CAC40 Index mini futures contract meet the requirements of CEA Section 2(a)(1)(C)(ii) ("Jurisdiction of Commission"), and therefore may be offered or sold to persons in the U.S. The CFTC also confirmed that Euronext may make the contracts available for trading through its direct access terminals in the U.S. See: CFTC Press Release; CFTC Letter to Euronext.

The CFTC held a Technology Advisory Committee ("TAC") meeting chaired by CFTC Commissioner Scott O'Malia to cover subjects such as swap data reporting, the CFTC concept release on automated trading, swap execution facilities ("SEF"), and made available to trade submissions ("MAT"). Key takeaways from the meeting include suggestions for basic market structure improvements in response to the concept release targeting algorithmic trading, as well as a discussion of the approaching October 2 deadline for mandatory SEF registration. Lofchie Comment: The attached Delta Strategy Group summary of the

The CFTC and FERC are engaged in a public fight over information sharing. In an August 29 th letter, FERC Chairman John Wellinghoff asked Congress to intervene to help FERC and the CFTC execute the memorandum of understanding ("MOU") that Congress requested in April. The MOU is meant to clarify the two Commissions' jurisdictions and help the regulators work more cohesively. One of the primary areas under dispute is the CFTC's Large Trader Report data. FERC claims the data could help identify market participants, which could help FERC identify and deter market manipulation. The CFTC refuses to