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