NFA approves new safeguards for customer funds

by The Compliance Exchange on August 17, 2012

NFA approves new safeguards for customer fundsThe National Futures Association approved new rules on Thursday to beef up protection for futures customers, one month after a fraud at collapsed brokerage Peregrine Financial Group left a $200 million hole in customer funds.

The new rules, approved by the NFA’s board of directors, would require futures brokerages to provide regulators with view-only Internet access to the segregated fund account information of customers.

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