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MF Global Updates

CFTC Actions - MFG

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To Members of the NIBA:

On Thursday, Dec. 15 I wrote to the office of Commissioner Jill Sommers to ask questions concerning the permitted investments of customer seg funds by FCMs. Yesterday I received a call from her office. The Commission will be reviewing current regulation in the context of lessons learned from MF Global. Ms. Sommers indicated that input from the NIBA will be a valuable part of that process.

I will keep you posted on the dates, agenda points, etc., and I invite comments and suggestions.

Melinda Schramm, Chairman
NIBA

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