Frank Lucas actually said...

"The goal of increasing futures customer protections should be to strengthen the markets without harming the ability of American farmers."

"We ask that you weigh the benefits of these regulations against both the costs to America's farmers and ranchers."

"We certainly recognize that the failures of MF Global and Peregrine Financial Group inflicted terrible losses on futures customers."

"I absolutely agree and I suggest that whatever we have to do to preserve the check-and-balance system that Congress envisioned when it created the five-member Commission is absolutely necessary."