In his opening remarks, CFTC Chairman Gary Gensler outlined several issues to be addressed during today's roundtable discussion of the proposed Volcker Rule, including: How to best allow banks to engage in risk-mitigating hedging without disturbing Congress' intent to limit the risks of proprietary trading; Whether certain strategies that involve hedging the risk of aggregated positions create the potential for abuse of the hedging exemption; How the prohibition on proprietary trading should best be applied to banking entities transacting in futures and swaps; and If the proposed exemption of

See: 77 FR 31767 The CFTC is adopting new and amended rules, guidance, and acceptable practices, which apply to the designation and operation of contract markets ("DCMs"). The rulemaking requires DCMs and DCM applicants to comply with a total of 23 core principles as a condition of obtaining and maintaining designation as a contract market under CEA Section 5(d). The rulemaking also governs the obligations of DCMs with respect to the processing, trading and execution of swaps, in addition to futures and options contracts. Comments Due: June 29, 2012. Cross References: Dodd-Frank Title VII

The latest Advisers Act Enforcement Action -- Jason George Rivera, Jr.; IA-3411 (released 05/29/2012).

The latest Advisers Act Enforcement Action -- Gregory D. Tindall; IA-3409 (released 05/29/2012).

The latest Advisers Act Enforcement Action -- Elijah Bang; IA-3410 (released 05/29/2012).