I think we need to move the self-regulatory organizations and the CFTC a bit more to risk-based approach.
Customers should have been able to rely on a system of protection that protects them at all times.
The evidence points to the owner, Russ Wasendorf, taking the funds of customers right out of the bank and lying about it for years.
I think we are underfunded to oversee the futures industry that has grown five-fold since the 1990s.
I think it is very concerning, and I share the public's view and Senator Harkin's and your view that that should have been looked at and pur...
I believe the system failed to protect Peregrine's customers here and that we all must do better, including the CFTC.
I think that the system failed to protect the public on this when you look at the various incidents over the years.
From my point of view, Congressman, the suggestion that the fraud at Peregrine would have been uncovered more quickly if the examiners had b...
I informed the General Counsel on a Thursday, so it may have been that Friday.
I thought it was best not to participate.
There should not be government bailouts.