CFTC passes enhanced customer protection rules

The Commodity Futures Trading Commission today approved rule amendments to enhance customer protection at futures commission merchants (FCMs). Among the rules is an update to FCM requirements regarding residual interest in customer accounts and the amount of time customers have in which to shore up a margin call. The new rules were passed by a vote of 3-1 with Commissioner Scott O’Malia dissenting.

Fact Sheet: Final Rules Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations

Questions and Answers: Final Rules Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing

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