SPEAKER INDEX    CONTENTS   INSERTS   
BAKER            1      5      8     11     12     13     14     16     17  
                18     19     20     21     22     24     25     28     29  
                30     34     35     36     37  
EMANUEL         18     19  
ISRAEL           5     17     18  
KANJORSKI        2     14     15     16     17     30     33     34  
KELLEY           8     13     18     21     23  
LYNCH           22     24  
MCCARTHY OF NEW YORK    21     22     35  
MCCONNELL        6     11     12     13     14     15     16     20     21  
                22     24  
RENZI            5     16  
SCOTT           20     21     34     35  
SHERMAN         36  
SHULMAN         24     25     28     30     33     34     35     36     37  

CONTENTS    SPEAKERS   INSERTS   
STATEMENT OF JAMES M. MCCONNELL, EXECUTIVE DIRECTOR, SECURITIES AND EXCHANGE Commission
                                                                 PAGE     6

STATEMENT OF COLLEEN M. KELLY, NATIONAL PRESIDENT, NATIONAL TREASURY EMPLOYEES UNION
                                                                 PAGE     8

STATEMENT OF DOUG SHULMAN, PRESIDENT, REGULATORY SERVICES AND OPERATIONS, NATIONAL ASSOCIATION OF 
SECURITIES DEALERS
                                                                 PAGE    24


INSERTS    SPEAKERS   CONTENTS   
NO INSERTS IN THIS HEARING