CFTC Approves Rules for Funds Held by Futures Commissions Merchants

On July 13, the CFTC approved rules submitted by the National Futures Association for customer funds held by futures commissions merchants. The new rules require futures commissions merchants to strengthen controls over the treatment and monitoring of funds held for customers trading on U.S. contract markets and for funds held for foreign futures and foreign options customers trading on foreign contract markets. CFTC Release.