CFTC fine-tunes customer protection rules

CFTC fine-tunes customer protection rules

Changes to CFTC rules would address grain industry's concerns on residual interest margin requirements.

THE Commodity Futures Trading Commission (CFTC) unanimously approved publication of a proposal that would correct major problems with its customer protection rule issued last year.

After the economic fallout of 2008, CFTC was given greater responsibility in overseeing the $700 trillion over-the-counter derivatives market. In an open meeting Nov. 3, CFTC chairman Timothy Massad said with the reforms implemented, it is "inevitable" that some minor ad

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