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He also said companies could easily circumvent sanctions by having subsidiaries or parent companies purchase regulated commodities for them.
Ms. Stuck of the food safety service said that meat was among the most highly regulated commodities and that while less meat would be inspected on the border it would go through far more tests.
Though the regulated commodities division is not under the bankruptcy order (and neither is Refco's regulated securities unit), the judge is likely to have a say in who ultimately buys it.
Late Thursday, Interactive Brokers jumped in with a $790 million bid to buy Refco's regulated commodities trading division.
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More broadly, the report makes clear that the notion that customer assets are safely segregated, at least at commodities brokers, is an illusion thanks to a lax calculation of customer assets allowed by the Commodity Futures Trading Commission, which regulates commodities brokers.
Michael J. Gunnison, an assistant United States Attorney in New Hampshire who helped investigate the cases that led to the fraud rings, said that Mr. Field, upon leaving his post as a regulator, had taken on the work of helping his clients in their intent to skirt and evade the laws regulating commodities.
The CFTC regulates commodities.
The summit had been meant to focus on reforms of the global monetary system and steps to rein in speculative capital flows and regulate commodities markets, but the shockwaves from Greece upended the talks.
Congress renews the call to regulate commodity speculation.
In 1991, Dole helped Bair get appointed to the Commodity Futures Trading Commission, which regulates commodity futures and option markets.
Commodity Futures Trading Commission (CFTC), agency of the U.S. federal government charged with regulating commodity and financial futures and options contracts and markets.
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