CFTC tightens limits on brokerages using customer funds

posted by
December 5, 2011
Reuters    
Posted in News, PND News

"The U.S. futures regulator unanimously approved on Monday tighter limits on how brokerage firms can use customer funds, a measure the now-bankrupt MF Global had encouraged the agency to delay. The Commodity Futures Trading Commission rule prevents brokerage firms, known as futures commission merchants, from conducting 'in-house' repurchase transactions and restricts them from investing customer money in foreign sovereign debt." [editor's note: Maybe the first appropriate regulatory action from a federal agency in ... how long? - SAT] (12/05/11)

http://tinyurl.com/7pv9od3  

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