CFTC Adopts Final Rule For Enhanced Customer Protections

Law360, Washington (October 30, 2013, 3:37 PM EDT) -- The U.S. Commodity Futures Trading Commission on Wednesday approved a final rule designed to protect customer funds from events like the collapse of MF Global Inc., while agency chairman Gary Gensler said he hoped to have a final draft of the long-anticipated Volcker rule by December.

The CFTC voted 3-1 to approve the so-called Final Rule on Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations. Commissioner Scott O'Malia was the lone dissenter. 

The rule highlights reporting and disclosure...
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