Frank Lucas actually said...

"The regulators are doing as best as they can given the tools that they have."

"It is beyond unfortunate that for a second time in less than a year, this Committee is examining the circumstances of a futures commission merchant bankruptcy where customer funds were not properly se..."

"So, we should go back and look at what we did and get some people to give us some kind of a sense of what our culpability in this whole situation is."

"I think we have something going on like that in these markets."