Along with putting local wrestlers in many of their storylines, PWG also brought in many out of town talent that weren't booked on other local shows.

This resulted in the loss of Frankie Kazarian, the first holder of the PWG World Championship, The Motor City Machine Guns of Alex Shelley and Chris Sabin, who were already booked to compete in the tournament for the vacated PWG World Tag Team Championship, and Samoa Joe, AJ Styles, Low Ki, and Christopher Daniels, all of whom had been booked to appear on upcoming shows.

A match for the PWG World Tag Team Championship was booked between the two teams twice in a row, but Kingston missed both shows.

In September 2005, PWG ran the first annual Battle of Los Angeles tournament, featuring AJ Styles, Christopher Daniels, James Gibson, Super Dragon, Kevin Steen, El Generico, and several others.

PWG stated that after looking at several solutions, including ending their contract with Highspots, releasing their DVD solely through their website, and removing all matches featuring TNA wrestlers from their home releases, they made the decision to end their relationship with TNA and thus were no longer able to book TNA wrestlers.

He has also held the top championships of several independent promotions, as he is a two-time Pro Wrestling Guerrilla ( PWG ) Champion, a one-time Westside Xtreme Wrestling Heavyweight champion, and a one-time FIP Heavyweight Champion.

Strong currently competes in several independent promotions, most notably Ring of Honor ( ROH ), Full Impact Pro ( FIP ), and Pro Wrestling Guerrilla ( PWG ).

PWG announced more matches in the weeks leading up to their debut event, featuring a mix of well known independent wrestlers and many local Southern California stars.

Although Chairperson Born had explained at the October 1, 1998, House Banking Committee hearing that the CFTC ’ s supervisory authority over the LTCM fund as a “ commodity pool operator ” was limited to monitoring its exchange trading activities, the CFTC ’ s possession of financial statements for the fund received negative news coverage in November 1998 based on the fact the CFTC was the only federal regulator to receive such reports directly from LTCM and had not shared the information with other members of the PWG.

The PWG Report recommended: ( 1 ) the codification into the CEA, as an “ exclusion ”, of existing regulatory exemptions for OTC financial derivatives, revised to permit electronic trading between “ eligible swaps participants ” ( acting as “ principals ”) and to even allow standardized ( i. e. “ fungible ”) contracts subject to “ regulated ” clearing ; ( 2 ) continuation of the existing CFTC authority to exempt other non-agricultural commodities ( such as energy products ) from provisions of the CEA ; ( 3 ) continuation of existing exemptions for “ hybrid instruments ” expanded to cover the Shad-Johnson Accord ( thereby exempting from the CEA any hybrid that could be viewed as a future on a “ non-exempt security ”), and a prohibition on the CFTC changing the exemption without the agreement of the other members of the PWG ; ( 4 ) continuation of the preemption of state laws that might otherwise make any “ excluded ” or “ exempted ” transactions illegal as gambling or otherwise ; ( 5 ) as previously recommended by the PWG in its report on hedge funds, the expansion of SEC and CFTC “ risk assessment ” oversight of affiliates of securities firms and commodity firms engaged in OTC derivatives activities to ensure they did not endanger affiliated broker-dealers or futures commission merchants ; ( 6 ) encouraging the CFTC to grant broad “ deregulation ” of existing exchange trading to reflect differences in ( A ) the susceptibility of commodities to price manipulation and ( B ) the “ sophistication ” and financial strength of the parties permitted to trade on the exchange ; and ( 7 ) permission for single stock and narrow index stock futures on terms to be agreed between the CFTC and SEC.

The PWG Report also emphasized the desire to “ maintain U. S. leadership in these rapidly developing markets ” by discouraging the movement of such transactions “ offshore .” In the 1998 Congressional hearings concerning the CFTC “ concept release ” Representative James A. Leach ( R-IA ) had tied the controversy to “ systemic risk ” by arguing the movement of transactions to jurisdictions outside the United States would replace U. S. regulation with laxer foreign supervision.

The PWG Report had recommended that exemptions for such transactions remain in the control of the CFTC, although it had recommended the continuation of those regulatory exemptions.

During its first year, PWG brought in wrestlers such as AJ Styles, Christopher Daniels, Samoa Joe, CM Punk, Homicide, Chris Hero, Brian Kendrick, Colt Cabana, and many others.

The first show in the new building saw AJ Styles take on Rocky Romero, CM Punk vs. Super Dragon, Samoa Joe & Ricky Reyes vs. Bryan Danielson & Christopher Daniels, and a loser leaves town, steel cage match between Adam Pearce and Frankie Kazarian where Adam Pearce ended up losing the match and left PWG.

successfully defended the PWG World Tag Team Championship against the ROH World Tag Team Champions The Kings of Wrestling ( Chris Hero and Claudio Castagnoli ).

On November 1 and 2 in Burbank, California, Low Ki defeated Roderick Strong, Masato Yoshino, Nigel McGuinness and the PWG World Champion Chris Hero to win the 2008 Battle of Los Angeles.

Then, on November 19, 2005 with the PWG, Aguilera teamed with Petey Williams, losing to Frankie Kazarian and Chris Sabin.

At PWG ... The Musical, held on April 17, 2004, Dragon and Excalibur won the PWG tag team titles from Chris Bosh and Quicksilver.

The self-proclaimed " Scorpio Sky Experience " became hated by the fans quickly, and helped Sky climb to the top of PWG, defeating the likes of Kevin Steen, Chris Hero, Homicide and Human Tornado.

After Sky, Chris Bosh and Scott Lost defeated Kazarian and his tag team partners Chris Sabin and Alex Shelley, Frankie had enough and challenged Scorpio to a " Loser Leaves PWG " match which was to take place in January.

On August 30, 2008 Kingston returned to PWG for All Star Weekend VII where he competed in a four-way match for the PWG World Title on Night 1, but he was pinned by the defending champion Chris Hero.

PWG's DVD commentary, which features Excalibur, Disco Machine, and on occasion TARO, along with various comedy skits won over many fans along with storylines between Adam Pearce and Frankie Kazarian for the PWG World Championship, and the Super Dragon vs. Joey Ryan rivalry.

PWG's popularity continued to grow in the Southern California area, and across the world thanks to PWG distributing their own DVDs on their website, and through various reviews posted on many popular internet wrestling message boards.

On January 29, 2011, Piper made his debut for Pro Wrestling Guerrilla ( PWG ) during the WrestleReunion 5 weekend, defeating nineteen other men, last eliminating Terry Funk, to win the Legends Battle Royal.

Although hailed by the PWG on the day of congressional passage as “ important legislation ” to allow “ the United States to maintain its competitive position in the over-the-counter derivative markets ”, by 2001 the collapse of Enron brought public attention to the CFMA ’ s treatment of energy derivatives in the “ Enron Loophole .” Following the Federal Reserve ’ s emergency loans to “ rescue ” American International Group ( AIG ) in September, 2008, the CFMA has received even more widespread criticism for its treatment of credit default swaps and other OTC derivatives.

The PWG Report was directed at ending controversy over how swaps and other OTC derivatives related to the CEA.

CFTC Chair Brooksley Born replied that the CFTC had exclusive authority over “ futures ” under the CEA and could not allow the other PWG members to dictate the CFTC ’ s authority under that statute.

In 1998 the CFTC had disagreed with the other members of the PWG about the scope and purposes of the CEA.

Whereas the CFTC saw broad purposes in protecting “ fair access ” to markets, “ financial integrity ”, “ price discovery and transparency ”, “ fitness standards ,” and protection of “ market participants from fraud and other abuses ,” other members of the PWG ( particularly the Federal Reserve through Alan Greenspan ) found the more limited purposes of ( 1 ) preventing price manipulation and ( 2 ) protecting retail investors.

By finding ( 1 ) the sophisticated parties participating in the OTC derivatives markets did not require CEA protections, ( 2 ) the activities of most OTC derivatives dealers were already subject to direct or indirect federal oversight, ( 3 ) manipulation of financial markets through financial OTC derivatives had not occurred and was highly unlikely, and ( 4 ) the OTC derivatives market performed no significant “ price discovery ” function, the PWG concluded “ there is no compelling evidence of problems involving bilateral swap agreements that would warrant regulation under the CEA .” By essentially adopting the views of the other members of the PWG concerning the scope and application of the CEA, the CFTC permitted a “ remarkable ” agreement “ on a redrawing of the regulatory lines .”

On May 3, 2007 PWG released a statement via the PWG Message Board at PWG's official site announcing they would no longer be working with Total Nonstop Action Wrestling after TNA presented them with a contract that would prevent contracted TNA wrestlers from appearing on DVDs sold through any third parties, including PWG's long-time partner Highspots. com.

Kazarian left PWG in May 2007, when TNA Wrestling pulled all of their talent from the company.

He is a former one-time PWG World Champion and a one-time ROH Champion.

As described in Section 1. 2. 1 above, legal uncertainty for security-based swaps was an important issue in the events that led to the PWG Report.

Work on IPP continues in the PWG with the publication of 12 candidate standards providing extensions to IPP and definition of IPP / 2. 0, IPP / 2. 1, and now IPP / 2. 2 representing different categories or classes of printers.

The CFTC expressed dismay over the Broker-Dealer Lite proposal and the manner in which it was issued, but also noted it was 18 months into a “ comprehensive regulatory reform effort .” The same day the CFTC issued its “ concept release ” Treasury Secretary Robert Rubin, Federal Reserve Board Chair Alan Greenspan, and SEC Chair Arthur Levitt ( who, along with CFTC Chair Brooksley Born, were the members of the PWG ) issued a letter asking Congress to prevent the CFTC from changing its existing treatment of OTC derivatives.

In the ensuing Congressional hearings, the three members of the PWG dissenting from the CFTC ’ s “ unilateral ” actions argued the CFTC was not the proper body, and the CEA was not the proper statute, to regulate OTC derivatives activities.

The dissenting PWG members explained that any effort to regulate those activities through the CEA would only lead to the activities moving outside the United States.

Any change in regulation of OTC derivatives should only occur after a full study of the issue by the entire PWG.

Her successor, William Rainer, was CFTC Chair when the PWG Report was issued in November 1999.

While her 1997 testimony opposed the Senate bill ’ s provision to codify in law the existing CFTC regulatory exemptions for OTC derivatives, she also stated the CFTC was “ watching ” the OTC derivatives market with the PWG and had no plans to modify the existing CFTC exemptions for that market.

An effect of the LTCM experience was that the conference committee report adopting the six month moratorium on CFTC action affecting OTC derivative regulation included a statement that “ the conferees strongly urge ” the PWG to study OTC derivatives transactions of hedge funds and others.

When the LTCM matter was investigated at a December 16, 1998, Senate Agriculture Committee hearing, the three CFTC Commissioners that had supported the Congressional moratorium, as described in Section 1. 2. 1 above, reiterated their support and their position that the entire PWG should study the OTC derivatives market and the issues raised in the CFTC ’ s “ concept release .”