On November 10th, the Commodity Futures Trading Commission (the "CFTC") publicly confirmed that it is investigating the shortfall in MF Global's customer accounts. Commissioner Jill E. Sommers will act as senior Commissioner after CFTC Chairman Gary Gensler recused himself. Bloomberg quoted Commissioner Bart Chilton as saying: "This isn't just a lost and found inquiry; it's a full-on effort to get to the bottom of what appears to be a massive hide-and-seek ploy." The CFTC is also examining between 10 and 12 futures commission merchants ("FCMs") to ensure that they are properly segregating customer funds. See CFTC Press Release; Bloomberg. The New York Times' DealBook reported that the customer funds segregation practices of all FCMs will be examined, with self-regulatory organizations like CME Group conducting the reviews of smaller FCMs. Examination. See also CFTC Webpage on MF Global.