Following high-profile cases of fraud and misappropriated funds at Peregrine Financial Group and MF Global, the Commodity Futures Trading Commission voted this week to approve new regulations,and amend existing rules, to better safeguard money and securities deposited by customers with futures commission merchants (FCMs) and derivatives clearing organizations (DCOs).
Included in the proposal, which will be open for public comment for 60 days after publication in the Federal Register:
