customers as being segregated for them, our position is that under uk law, that money should be treated as segregated customer funds. and i think we are reasonably confident of a positive outcome from the uk courts but there is no guarantee of that. >> one final question, mr. duffy. clearly what a company does in the first instance is the challenge. we would expect them to do the right thing both legally and substantively and ethically. but in the absence of that, is there anything in this experience that says to you heading cme that there's something structurally that needs to be changed to at least mitigate the extent? my understanding is there was a $700 million odd instance in which they would have -- reporting would have indicated that funds were commingled. that couldn't be stopped because it already was done but might it have mitigated going to $1.6 billion? >> you'd have to ask mr. giddens where that number came from, our number is significantly lower. anything we could have gained by the experience, i think we have done everything, as dsro, have reviewed all our practices going

and also a lot of these emerging laws that are coming out. the uk has a law. a law now. and the idea is that in the long run the cost of paying this money just to grease the skids is going to be outweighed by all the risks involved and by the fact you wind up getting addicted to it. and so there is a agreeing consensus now around the world that corruption's not a good thing. wow. and bribery is not a good thing. and there are efforts to reign it in. and companies run a foul of that at their peril as we find out with walmart. >> having grown up abroad, i can say that things aren't as cut and dry as they might appear on capitol hill or in a television studio. as cot eluded to earlier, there's a vast area of grey, is there not? and i think will always be to the interpretation of the person at the cutting edge of that who may find actually that they're locked out of the markets with the incumbents who are already behaving despicably and money going backwards and forwards. it's a nightmare to operate in emerging markets, is it not? >> it can be. and if the producti

they at first welcomed the coup against the korp law enforcement and corrupt king far uk in 1952 but became disillusioned. he was arrested and torn cherd but he continued to write and agitate, particularly against wednesday civilization generally, particularly against jews, whom he blamed for atheistic materialism and said were to be considered the worst enemies of muslims. he was arrested be a hanged in 1966. at that time many members of the brotherhood fled to todd todd. >> brian: bother was monday those who fled. monday his students were al zawary. it came at the latest in the 1980s when a couple of fbi agents spotted a group of men taking what looked like particularly aggressive target practice at a shooting range in long island. when the agents approached they were accused of what we now call racial profiling and backed off. in november of 19930, one of those men who had been participating would assassinate a right-wing poll sgs after he gave a speech in the ballroom of the manhattan hotel. the case was treat traeted by the manhattan das the lone act by a lone gunman. when the t

royal wedding ton, but coming up a new image of kate's sister could land her in trouble with the law in the uk. >> reporter: i'm manuel gallegos in woodward, oak ocean residents cleaning up trying to move -- oklahoma, residents cleaning up and trying to move forward. [ male announcer ] this was how my day began. a little bird told me about a band... ♪ an old man shared some fish stories... ♪ oooh, my turn. ♪ she was in paris, but we talked for hours... everyone else buzzed about the band. there's a wireless mind inside all of us. so, where to next? ♪ >>> the former university of virginia lacrosse player convicted of killing yeardley love will be sentenced august 30th. george huguely of chevy chase was found guilty of second degree murder in the beating death of his ex-girl friend. a jury recommended a 26 year sentence. at today's hearing huguely's defense lawyers showed up late and the judge scolded them setting the tone for the court session. both sides eventually agreed to the sentencing date. >>> jury selection underway in the second trial of roger clemens. the former all-star pitcher is ac

the authority to bring an action in the uk court proceeding, but we are as we are in the united states working very closely with mr. giden and his staff. the law firm that he has hired to represent the bankruptcy in the uk, in front of the english court, and we will continue to monitor all of the different actions that happened in that proceeding. >> do you have anything to add? >> just to confirm that we do confer frequently with the cftc about the strategy in the uk and the nature of the legal issues. equally we have to the extent we can have shared information with judge freeh regarding that proceeding. our view, of course, is all of those funds in the uk are segregated assets that belong to the 30.7 customers of the broker dealer. >> mr. duffy, do you have any views on the fia recommendations offered last month to better protect segregated customer accounts? also, would it be valuable for sros in the cftc to receive daily electronic backup documentation on these accounts directly from clearinghouses d custodial banks reported by fcms as accurate? >> let me take the latter first as far as the daily reporting from the sro and the cftc to the

laws. i have been engaged in active discussions since november with administrators of mf global/uk limited concerning the return of $700 million of commodities customers property. this dispute is now being submitted to the uk courts for resolution. in concluding, my staff and i continue to work as quickly as possible to return assets to all claimants. we have distributed in excess of $4 billion. we have sought court approval off to distribute an additional $685 million to commodities claimants. thank you, chairman johnson. ranking member shelby and members of the committee for the opportunity to testify before you. >> thank you. please proceed. >> thank you very much. good morning, chairman, johnson, senator shelby and your colleagues. thank you for the opportunity to appear here. you have my opening statement. i want to highlight a few thing for you. and leave sufficient time obviously for your questions and my colleagues on the panel. i was appointed as chapter 11 trustee effective november 28th of last year. there are in addition to mf global holdings, five other subsidiaries to which i

and a half dollars per barrel for uk obama the us president was saying he's going to intervene in the market supply the twenty third if i were going to see a new laws restricting investors for all manipulating the markets i pray that is the markets are now mareena i'll be back in about fifteen minutes with already sounds great many things for much indeed for bringing us the very latest also coming up in the program here in our tease our special report as promised on u.s. energy companies ignoring health concerns and civil rights to drill for gas riot under people's homes and after a brief recap of our top stories in just a few moments stay with us. for. one. hundred. years. we imbibe in forty acres and nineteen ninety three and decided it would be a great place to find the belle home and retire. there she is what we call it our new neighbor neighbor nine o seven. we have seventy acres here and i can convince them that they need to drill somewhere besides two hundred feet from. the needs of our growing economy also means expanding our domestic production of oil and natural gas which are vital fuel for transportation electricity and manufacturing thi

interestingly, the uk completed a big study lead bay professor that described how they feel the copyrights law might need to change in order to coonld that kind of creativity. there is in some ways it may not be perfect the united states is a little bit -- : all companies tried to do this. of number all-out parity. >> that brings us to invent ago figure coming by. >> they give for coming by. [applause] >> next time we will reverse. >> only if you write the book for me. >> let's get started. good evening. welcome to the international spy museum. i am peter earnest and delighted to have you here. it will be stipulating. i will introduce david frum, our moderator and he will introduce the speakers' her as a courtesy, please turn off your cellphones and what ever. particularly this evening we are streaming live cnn also we are on bookkeeper go and think the subject matter is extraordinarily interesting for a number of reasons. intelligence is open source reporting and because that gets more difficult because of the proliferation, also the internet. i hope our two speakers will help us sort that ou

law camilla. it's being called the needle-free alternative to botox and reportedly has some women, well, buzzing. deborah mitchell claims to have pioneered the trendy new facial at a small salon in the ukbeen compared to an organic, noninvasive face-lift that smooths out wrinkles. but not all dermatologists think it's the bee's knees. >> the most common complications would be an irritant reaction where your skin may become red and inflamed and may even blister. >> reporter: mitchell reportedly treated kate before the big day with her signature bee venom facial. but bee-lieve it or not, this isn't the craziest anti-aging regimen we've seen. how about snake venom facials? how about bird dropping facials? even fish pedicures, all which they say could be more fad than fact. >> there's no scientific data. there's no clinical trial that study what the ingredients are or what the effects are of it. so it's really hard to know exactly what it is doing. >> reporter: but that may not matter because if some people believe kate is behind it, no doubt they will swarm. paula faris, abc news, new york. >> how about that? bee facial. 225 bucks in london. that's how much it's going to set you back. >>

law camilla. it's being called the needle-free alternative to botox and reportedly has some women, well, buzzing. deborah mitchell claims to have pioneered the trendy new facial at a small salon in the ukmore fad than fact. >> there's no scientific data. there's no clinical trial that study what the ingredients are or what the effects are of it. so it's really hard to know exactly what it is doing. >> reporter: but that may not matter because if some people believe kate is behind it, no doubt they will swarm. paula faris, abc news, new york. >> how about that? bee facial. 225 bucks in london. that's how much it's going to set you back. >> that's expensive. >> celebrities have jumped on board with this. victoria beckham and gwyneth paltrow. so maybe they know something we don't. >> get them off me! oh, man. sorry, dude. willis, i told you not to bring your fleas in here. >> bed bugs. we're in new york city after all. >> lying with dogs. you lie down with dogs. >> kill, kill, kill. >> i'm not scared of any bees. bees. >> more from abc coming up next. don't go far. >> announcer: this is abc's "world news now," informing insomniacs for two decades. cs for two decades. xdxdxdxdxdxdxdxdxdxdx