Examining the Futures Markets: Responding to the Failures of MF Global and Peregrine Financial Group
- Date
- Wednesday, August 1, 2012
- Time
- 09:00 AM
- Location
- 328A Senate Russell Office Building
The Committee will conduct a hearing to continue its ongoing examination into the collapse of financial firm MF Global as well as the recent collapse of Peregrine Financial Group, and how customer protections can be strengthened to prevent future misuse of customer funds in the futures markets. Witnesses include: Hon. Gary Gensler, Chairman of the Commodity Futures Trading Commission; Hon. Jill Sommers, Member of the Commodity Futures Trading Commission; Mr. James Giddens, Trustee for the liquidation of MF Global, Inc.; and Mr. Ira Bodenstein, the bankruptcy trustee for Peregrine Financial Group, Inc.
Agenda
*Please note: Judge Louis Freeh has been invited to testify however he is unable to attend the hearing. He will submit testimony for the record and answer questions for the record in writing after the hearing.
Witnesses
Panel 1
-
Hon.
Gary
Gensler
ChairmanCommodity Futures Trading CommissionWashington , DC
- Adobe Acrobat DocumentDownload Testimony
-
Hon.
Jill
Sommers
CommissionerCommodity Futures Trading CommissionWashington , DC
- Adobe Acrobat DocumentDownload Testimony
-
Hon.
Louis
Freeh*
Chapter 11 Trustee of MF Global Holdings Ltd.Freeh Group International SolutionsWilmington , DE
- Adobe Acrobat DocumentDownload Testimony
-
Mr.
James
Giddens
Trustee for Securities Investment Protection Act Liquidation of MF Global, Inc.Hughes Hubbard & ReedNew York , NY
- Adobe Acrobat DocumentDownload Testimony
-
Mr.
Ira
Bodenstein
Chapter 7 Trustee for Peregrine Financial Group, Inc.Shaw GussisChicago , IL
- Adobe Acrobat DocumentDownload Testimony
Panel II
-
Honl
Walt
Lukken
President and Chief Executive OfficerFutures Industry AssociationWashington , DC
- Adobe Acrobat DocumentDownload Testimony
-
Mr.
Terrence
Duffy
President and Executive ChairmanCME GroupChicago , IL
- Adobe Acrobat DocumentDownload Testimony
-
Mr.
Dan
Roth
President and Chief Executive OfficerNational Futures AssociationChicago , IL
- Adobe Acrobat DocumentDownload Testimony
-
Ms.
Diana
Klemme
Vice President and Director-Grain DivisionGrain Service Corporation on behalf of the National Grand and Feed AssociationAtlanta , GA
- Adobe Acrobat DocumentDownload Testimony
-
Mr.
John
Roe
Co-FounderCommodity Customer CoalitionChicago , IL
- Adobe Acrobat DocumentDownload Testimony