Futures Firms Face Tougher Rules
By Scott Patterson
Published December 5 2011 Wall Street Journal
Futures firms would be sharply restricted in how they treat their customers' cash under new rules a federal agency is expected to approve Monday, marking the first regulatory shift in response to the recent collapse of MF Global Holdings Ltd. If approved, the changes would represent a change in course for the Commodity Futures Trading Commission, which set aside the proposal earlier this year amid heavy lobbying by MF Global's then-chairman, Jon S. Corzine, and others in the futures industry.
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