House Hearing Underway on Swaps, NFA to be Questioned on #PFGBest

#PFGBest Customers

Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.

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Click here for House Ag website for link to live feed.

From the House Agriculture website (links to written testimony of witnesses below--live tweet transcript below):


Oversight of the Swaps and Futures Markets: Recent Events and Impending Regulatory Reforms

1300 Longworth House Office Building Washington, D.C.
| Jul 25, 2012 10:00am

Wednesday, July 25, 2012 – 10:00 a.m. 
1300 Longworth House Office Building
Washington, D.C.
Full Committee on Agriculture – Public Hearing
RE: Oversight of the Swaps and Futures Markets: Recent Events and Impending Regulatory Reforms

Witnesses

Panel 1

The Honorable Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission, Washington, D.C.

Panel 2

Mr. Daniel J. Roth, President and Chief Executive Officer, National Futures Association, Chicago, Illinois

Mr. Terrence Duffy, Executive Chairman and President, CME Group, Inc., Chicago, Illinois

The Honorable Walter L. Lukken, President and Chief Executive Officer, Futures Industry Association, Washington, D.C.

Mr. John Heck, Senior Vice President, The Scoular Company, Omaha, Nebraska; on behalf of the National Grain and Feed Association

The Honorable Charles F. Conner, President and Chief Executive Officer, National Council of Farmer Cooperatives, Washington, D.C.

Mr. Paul McElroy, Chief Financial Officer, JEA, Jacksonville, Florida; on behalf of the American Public Power Association


@nfa's Roth to @RepHultgren: whether or not auditor is on government's payroll or NFA's is not relevant-how they are examining is relevant.

JohnLRoe @JohnLRoe

@nfa's Roth: one way to prevent fraud is through vigorous prosecutions of fraud, hopes Justice Department pursues.

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About John Roe 91 Articles
Co-Founder of the CCC and head of BTR Trading and Roe Capital Management.

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