CFTC aims to ensure FCMs handle customer funds properly

07/3/2013 | Risk.net (subscription required)

The Commodity Futures Trading Commission has been working to ensure futures commission merchants are properly dealing with client funds. The collapse of MF Global has prompted the CFTC to bolster scrutiny of the firms' practices. The agency has ramped up its fines against FCMs for violating rules governing customer money, including segregation of funds, minimum financial requirements and employee supervision.

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