Remarks of Chairman Gensler CFTC Chairman Gensler stated that the CFTC has made a "down payment" on efforts to bring more transparency to the swaps market but more work needed to be done with 25 rules having been finalized but that more work in implementing Dodd-Frank remains to be done.

Remarks of Chairman Gensler CFTC Chairman Gensler stated users of swaps, both in real economy and the buy side, will benefit from the lower costs and greater pricing information that will come from a more transparent and competitive swaps market brought by Dodd-Frank reforms. He argues that Dodd-Frank reform also matters because it will reduce the risks that Wall Street, from time to time, poses to the rest of us. He notes that to date, the CFTC has made a significant down payment on reform in finalizing 26 rules of the road for the swaps market.

77 FR 2909 The CFTC has issued a correction to the final rule issued January 9, 2012, 77 FR 1182. On page 1228 the following correction is made: On page 1228 in the middle column, beginning on the twelfth line from the top, the text "(1) July 16, 2012 of this Adopting Release in the Federal Register," is corrected to read "(1) July 16, 2012,". Cross References: Dodd-Frank Section 727; new CEA Section 2(a)(13); 17 CFR Part 43; 75 Fed. Reg. 76139; 77 FR 1182.

CFTC Press Release 6171-12 The CFTC released findings of limited reviews of futures commission merchants (FCMs) to assess compliance with requirements to segregate customer funds pursuant to Section 4d of the CEA. The limited reviews also covered the FCMs' obligation to set aside in secured accounts funds deposited by customers for trading on foreign boards of trade under Section 4(b) of the Act and Part 30 of the Commission's regulations. As of the review date for each FCM, all of the FCMs were in compliance with the segregation or Part 30 secured amount requirements. The FCMs held a total of

CFTC Press Release 6172-12 The CFTC issued a Consumer Advisory warning the public to beware of promises of easy profits to be made from rising prices in gold, silver, platinum, palladium, and other precious metals. The Advisory also recommends that the public be alert to companies that sell investments in precious metals based on sales pitches claiming that a person can make a lot of money, with little risk, by purchasing metals through a financing agreement. The Advisory describes how some precious metals companies may use fraudulent tactics to induce customers to invest.