mr. ginsler, chairman ginsler, ever express any concern that his relationship with mr. corzine would be a distraction from any previous matter involving mf global, including matters related to cftc rule 125 dealing with investment of customer-segregated funds? >> not that i'm aware of. >> you don't recall? >> no. >> have you researched your records and your e-mails and everything else? >> we have. >> okay. mr. ginsler also stated that, and i'll quote him, he will not participate in any enforcement-related matters involving mf global and any matter directly related thereto. those are his words. this language appears, from reading it, to prohibit him from participating in any of the cftc's efforts to develop recommendations based on lessons learned from the collapse of the mf global. do you agree or disagree? >> senator, we -- my staff -- >> in other words, he can't have it both ways. he's either in the game or out of the game, he's saying here he's out of the game as chairman. is that correct? is that the way you read the language? >> we have sought direction from the ge

mr. ginsler. today does not appear to be that day, however. >> thank you. thank you, senator shelby. now i will briefly introduce our witnesses. mr. james w.gins is a trustee for the securities investor protection act of mf global incorporated. lewis j.freeh is a trustee from mf global holdings, honorable gerald summers is commissioner for the commodity futures trading commission. mr. robert cook speche is direc trading and markets for u.s. securities and exchange commission. mr. richard ketchum is chairman and ceo of the financial industry regulatory authority. mr. charles a. duffy is executive chairman of the chicago mercantile exchange. i thank all of you, again, for being here today. i would look to ask the witnesses to please keep your remarks to five minutes. your full written statements will be included in the hearing record. mr. gins, you may begin your testimony. >> chairman johnson, ranking member shelby and members of xhet. thank y -- committee. thank you for inviting me to testify. i take seriously my duty as trustee of mf global inc., to treat themic w equitably. i would

mr. ginsler stated he did not want his relationship with john corzine "to be a distraction." did chairman ginsler expressed any concern that his relationship with corzine would be a distraction from any previous matter involving the mf global, including matters related to cftc rules 125 dealing with investment a customer segregated funds? >> not that i am aware of. >> you cannot recall? >> you have searched records and emails? >> yes. >> mr. ginsler also stated he will not participate in any enforcement matters involving mf global and any matter directly related to, those are his words. this language appears to prohibit him from participating effortsof the cftc's because of lessons learned from the collapse of mf global. do you agree? he cannot have it both ways. he is either in the game or out of the game. he is saying he is out of the game, is that correct? >> we have sought direction from the general counsel, we are told my delegation does not go toward the policy recommendations that the chairman would be handling. >> i know my time is moving on, but i have another questi