David Scott actually said...

How have you all, and the market itself, been affected by the Commission's guidance defining who is a U.S. person?

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.