- Associated Press - Friday, August 15, 2014

LITTLE ROCK, Ark. (AP) - The speaker of the Arkansas House says he wants a legislative committee to look at regulations governing commodities brokers after state farmers reported millions of dollars in losses.

House Speaker Davy Carter on Friday asked the chairman of the House Agriculture Committee to look into whether the state can require commodities brokers to be bonded or otherwise insured to protect their clients from losing money due to illegal activity.

Carter’s letter didn’t specify how the producers incurred their losses but said state farm families are facing “tens of millions” of dollars in losses. Carter said the money seems to have “disappeared into the heavens.”



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