Skip to primary navigation Skip to main content

United States Senate Committee on Agriculture Nutrition & Forestry

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.

Open in New Window

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

  1. Hon. Gary Gensler
    Chairman
    Commodity Futures Trading Commission
    Washington , DC
  2. Hon. Jill Sommers
    Commissioner
    Commodity Futures Trading Commission
    Washington , DC
  3. Hon. Louis Freeh*
    Chapter 11 Trustee of MF Global Holdings Ltd.
    Freeh Group International Solutions
    Wilmington , DE
  4. Mr. James Giddens
    Trustee for Securities Investment Protection Act Liquidation of MF Global, Inc.
    Hughes Hubbard & Reed
    New York , NY
  5. Mr. Ira Bodenstein
    Chapter 7 Trustee for Peregrine Financial Group, Inc.
    Shaw Gussis
    Chicago , IL

Panel II

  1. Honl Walt Lukken
    President and Chief Executive Officer
    Futures Industry Association
    Washington , DC
  2. Mr. Terrence Duffy
    President and Executive Chairman
    CME Group
    Chicago , IL
  3. Mr. Dan Roth
    President and Chief Executive Officer
    National Futures Association
    Chicago , IL
  4. Ms. Diana Klemme
    Vice President and Director-Grain Division
    Grain Service Corporation on behalf of the National Grand and Feed Association
    Atlanta , GA
  5. Mr. John Roe
    Co-Founder
    Commodity Customer Coalition
    Chicago , IL