CFTC Press Release 6138-11 Order The CFTC announced the settlement of charges against Velocity Futures, LLC, a registered FCM, for failing to supervise diligently the handling of its customer accounts. The CFTC Order finds that from July 2003 until at least December 2007, Houston-based Velocity failed to develop and implement an adequate system to monitor the trading of customer accounts by third parties and protect customers against potential account churning. In addition, the CFTC further finds that Velocity failed to conduct a diligent background check on Norbert Grupe, the principal of El

CFTC Press Release 6140-11 The CFTC today announced that Commissioner Jill E. Sommers will be acting as the senior Commissioner for the agency in matters relating to the bankruptcy of MF Global, Inc. (MFGI) and the shortfall of funds in MFGI's segregated accounts containing customer property and funds. The announcement comes after Chairman Gensler recused himself from matters relating to MFGI. Cross References: CEA Section 4d; CFTC Rules, Part 190

PROGRESS REPORT OF THE SIPA TRUSTEE OF MF GLOBAL INC. - NOVEMBER 7, 2011 In a message to customers of MF Global, the Trustee, in coordination with the CFTC, SIPC, and the CME and other exchanges, states that he has been able to transfer approximately 17,000 customer accounts with open commodities positions, along with approximately $1.55 billion in collateral, which is approximately 60% of the collateral that had been associated with these positions at the time of the bankruptcy. This Court-authorized bulk transfer was the maximum relief available under the law and the circumstances, and it

Speech by Commissioner Chilton Before the 4 th Annual Risk Management in Energy Trading Conference CFTC Commissioner Bart Chilton discusses several Dodd-Frank topics and reviews the MF Global fall out and the need to ensure that segregated customer funds are protected in such circumstances.

NFA Notice 1-11-19 In connection with the insolvency of MF Global, NFA has issued a Notice for fully disclosed FCMs and IBS regarding the treatment of assets held by that firm and clarifying that certain receivable balances with MF Entities, including commission and security deposit receivables, must be reflected as a non-current / non-allowable asset for regulatory capital reporting purposes.