David Scott actually said...

And so, going forward, what recommendations could you make to the CFTC to give greater clarity on this whole definition of U.S. person?

The personal liability regime for a senior manager, for example, at a clearing members who do nothing to stop reckless manipulative behavior...

Over a period of time we have had this issue of the definition of U.S. person, dealing with cross-borders.

So the markets are global, as you said, and inevitably you are dislocating the marketplace.