To Members of the NIBA:
On Thursday, Dec. 15 I wrote to the office of Commissioner Jill Sommers to ask questions concerning the permitted investments of customer seg funds by FCMs. Yesterday I received a call from her office. The Commission will be reviewing current regulation in the context of lessons learned from MF Global. Ms. Sommers indicated that input from the NIBA will be a valuable part of that process.
I will keep you posted on the dates, agenda points, etc., and I invite comments and suggestions.
Melinda Schramm, Chairman
NIBA
