– Gary Gensler Explains How CFTC Allowed PFG To Steal $200 MM In Client Funds 8 Months After MF Global (ZeroHedge, July 25, 2012):
Former Goldman appartchik Gary Gensler is about to take the stage (again) and explain why the CFTC should exist at all after allowing not only MF Global but a few weeks ago, Peregrine Financial, to steal hundreds of millions in client money without any regulatory supervision at all. All we can say here is: Free Corzine!
Wednesday, July 25, 2012 – 10:00 a.m.
1300 Longworth House Office Building
Full Committee on Agriculture – Public Hearing
RE: Oversight of the Swaps and Futures Markets: Recent Events and Impending Regulatory Reforms
The Honorable Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission, Washington, D.C.
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
Live webcast after the jump below (also link):