GEORGE S. DUNLOP, Chief of Staff
J. ROBERT FRANKS, General Counsel

CARL P. ROSE, General Counsel and Staff Director for the Minority

CONTENTS

Lugar, Hon. Richard G., a U.S. Senator from Indiana, opening statement

CHRONOLOGICAL LIST OF WITNESSES

Phillips, Hon. Susan, Chairman, Commodity Futures_Trading Commission

Hineman, Hon. Kalo A., Commissioner, Commodity Futures Trading Commis-

sion.....

Wilmouth, Robert K., president, National Futures Association, Chicago, Ill......

Brody, Alan, president, Commodity Exchange, Inc., New York, N.Y.

Brodsky, William, executive vice president, Chicago Mercantile Exchange,

Chicago, Ill...

Isaacson, Robert, director, National Association of Futures Trading Advisors,

San Francisco, Calif.

Thomte, Theodore, director, National Association of Futures Trading Advi-

sors, Boston, Mass.

Feigin, Philip A., assistant securities commissioner, Colorado Division of Secu-

rities; and chairman, special projects committee, enforcement section,

North American Securities Administrators Association, Inc.

APPENDIX

Huddleston, Hon. Walter D., a U.S. Senator from Kentucky, statement.
Heflin, Hon. Howell, a U.S. Senator from Alabama, statement...

Phillips, Hon. Susan M., Chairman, Commodity Futures Trading Commission,

statement.

Wilmouth, Robert K., president, and chief executive officer, National Futures

Association, statement

Detailed statement of Mr. Wilmouth

Brody, Alan J., president, Commodity Exchange, Inc., statement

Brodsky, William, executive vice president and chief operating officer, Chica-

go Mercantile Exchange, statement

113

Isaacson, Robert, director, National Association of Futures Trading Advisors,

statement.....

124

Thomte, Theodore, director, National Association of Futures Trading Advi-

sors, statement..

128

Feigin, Philip A., assistant securities commissioner, Colorado Division of Secu-

rities, and chairman, special projects committee, enforcement section, North

American Securities Administrators Association, Inc., statement.....

133

(III)