Lucas Presses CFTC Chair on MF Global

On the final day of February Congressman Lucas called the House Agriculture Committee to order and held a public hearing to review the 2012 agenda of the Commodity Futures Trading Commission (CFTC) as the agency continues to investigate the collapse of MF Global.

Lucas pressed CFTC Chairman Gary Gensler on the strength of customer protections in place in light of the collapse of MF Global. Thousands of customers have yet to receive nearly 30 percent of the funds that MF Global should have held in segregated accounts.

“At this important hearing we had the opportunity to question the CFTC Chairman about MF Global, the customer funds that remain missing, and how the Commission will respond to enhance customer protections, said Chairman Frank Lucas..