Testimony of CFTC Chairman Genlser Chairman Gensler recites his standard speech declaring that because three years ago the "the financial system failed, and the financial regulatory system failed as well," Dodd-Frank reform and greater CFTC resources are necessary. The testimony also outlines the agency's phased-in implementation of the Act.

Statement of Commissioner Chilton Regarding the Importance of Protecting Customer Funds Stating that "[o]ne of the most important functions of my job is to ensure that customer funds are protected [and that] when something like the MFGlobal debacle happens, I go into high gear," CFTC Commissioner Bart Chilton provides assurance to the markets by issuing a statement saying: "I will continue--daily--to monitor the active oversight action of our staff's activities in this matter. Right now, this is top on my agenda." Chilton also states that he intends to "actively pursue any and all other

SIPC Trustee Press Release Regarding Motion for Third Bulk Transfer (Nov. 29) SIPC Trustee Motion Regarding Third Bulk Transfer (Nov. 29) The Trustee for the liquidation of MF Global Inc., filed an expedited motion with the United States Bankruptcy Court for the Southern District of New York seeking approval of a bulk transfer and distribution of up to $2.1 billion to former MF Global Inc. commodities customers, which should restore two-thirds or more of US segregated customer property to all commodities customers on a pro rata basis. The proposed third bulk transfer will complement the first

Remarks by CFTC Commissioner Jill Sommers CFTC Commissioner Sommers discusses policy issues in connection with the agency's implementation of the Dodd-Frank Act, the European Market Infrastructure Regulation, and the European Commission's proposals to amend both the Markets in Financial Instruments Directive (MiFID) and Markets in Financial Instruments Regulation (MiFIR). She also commented in regards to the CFTC's position limit rules, noting that: i) "The Commission's final rules narrow the circumstances under which bona-fide hedgers can hedge their price risk, make it more inefficient for

NFA Notice I-11-16 The Notice pertains to several amendments to NFA's Requirements that govern the retail forex activities of NFA Members. These amendments to NFA's Interpretive Notice entitled Compliance Rule 2-36(e): Supervision and Use of Electronic Trading Systems and NFA Compliance Rule 2-40 and the related Interpretive Notice entitled NFA Compliance Rule 2-40: Procedures for the Assignment and Liquidation of Forex Positions; Cessation of Customer Business became effective on November 15, 2011. Cross References: NFA Interpretive Notice Compliance Rule 2-36(e): Supervision and Use of