2012-17856

Federal Register, Volume 77 Issue 141 (Monday, July 23, 2012)[Federal Register Volume 77, Number 141 (Monday, July 23, 2012)]

[Notices]

[Page 43064]

From the Federal Register Online via the Government Printing Office [www.gpo.gov]

[FR Doc No: 2012-17856]

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COMMODITY FUTURES TRADING COMMISSION

Meeting; Technology Advisory Committee

AGENCY: Commodity Futures Trading Commission (CFTC).

ACTION: Notice of emergency meeting of technology advisory committee.

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SUMMARY: The CFTC announces that on Thursday, July 26, 2012, the CFTC's

Technology Advisory Committee (``TAC'') will hold an emergency public

meeting at the CFTC's Washington, DC headquarters, from 10:00 a.m. to

4:00 p.m. The TAC will focus on possible technology solutions to, among

other things, enable futures commission merchant customers, self-

regulatory organizations and the CFTC to verify in near real-time the

accuracy of the amount of funds held in customer segregated accounts.

DATES: The meeting will be held on July 26, 2012, from 10:00 a.m. to

4:00 p.m. Members of the public who wish to submit written statements

in connection with the meeting should submit them by July 19, 2012.

ADDRESSES: The meeting will take place in the Conference Center at the

CFTC's headquarters, Three Lafayette Centre, 1155 21st Street NW.,

Washington, DC 20581. Written statements should be submitted to:

Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st

Street NW., Washington, DC 20581, attention: Office of the Secretary.

Please use the title ``Technology Advisory Committee'' in any written

statement you may submit. Any statements submitted in connection with

the committee meeting will be made available to the public.

FOR FURTHER INFORMATION CONTACT: Laura Gardy, Commodity Futures Trading

Commission, Three Lafayette Centre, 1155 21st Street NW., Washington,

DC 20581, (202) 418-5354.

SUPPLEMENTARY INFORMATION: This emergency meeting of the TAC is being

held in response to the Commission's July 10, 2012 complaint against

Peregrine Financial Group Inc. (PFG), a registered futures commission

merchant (FCM), and its owner, Russell R. Wasendorf, Sr., alleging

fraud by misappropriating customer funds, violations of customer fund

segregation laws, and making false statements in financial statements

filed with the Commission. The filing of the complaint was triggered by

a National Futures Association (NFA) audit conducted earlier this month

which revealed that despite PFG's representations that it held in

excess of $220 million of customer funds, in fact, PFG held

approximately $5.1 million.

This meeting will focus on technological solutions to providing the

CFTC, self-regulatory organizations, and futures commission merchant

customers direct access to customer segregated account information in

order to help eliminate the possibility of theft and misappropriation

of customer funds. The TAC will explore related technological and legal

issues through panel presentations and open discussion. The meeting

will be open to the public with seating on a first-come, first-served

basis. Members of the public who wish to listen to the meeting by

telephone may do so by calling a toll-free telephone line to contact to

a live, listen-only audio feed. Call-in participants should be prepared

to provide their first name, last name and affiliation. Additionally, a

video recording of the meeting will be published through a link on the

CFTC's Web site.

All written submissions provided to the CFTC in any form will also

be published on the Web site of the CFTC.

Domestic Toll Free: 1-866-844-9416.

International Toll: Under Related Documents to be posted on

www.cftc.gov.

Conference ID: 8311506.

Call Leader Name: Michael Jones.

Pass Code/Pin Code: CFTC.

Authority: 5 U.S.C. app. 2 Sec. 10(a)(2)

By the Commodity Futures Trading Commission.

Dated: July 17, 2012.

Sauntia S. Warfield,

Assistant Secretary of the Commission.

[FR Doc. 2012-17856 Filed 7-20-12; 8:45 am]

BILLING CODE P

Last Updated: July 23, 2012