Over the past several months, NFA has worked with the industry to develop a number of rules to strengthen the protection of customer segregated funds. We will describe these rules in detail, including the adoption of NFA Financial Requirements Section 16, and steps we are proposing to obtain real-time information from FCMs’ depositories. Additionally, the CFTC imposed new requirements under Regulation 1.71, which calls for the development of procedures for all IBs and FCMs relating to research reports. We will discuss some of the common questions relating to this regulation and how firms can comply with the new requirements. Jennifer…