Frank Lucas actually said...

"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."

"We are putting pressure on these guys to make enough money to stay in business, and then this is what happens."