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An important and related topic in customer protection.
§ 403.4 Customer protection - reserves and custody of securities.
"It is critical to enhance customer protection," Gary Gensler, the agency's chairman, said on Tuesday.
"Segregation of customer funds is the core foundation of customer protection in the commodity futures and swaps markets".
"I do not accept this piecemeal approach to customer protection as a step in the right direction".
Ramirez said the FTC was defending a "bedrock principle" of customer protection that companies had to deliver on their promises.
Similar(24)
In short, customer protections will be sacrificed.
The bill leaves few customer protections in place.
And last week, the trading commission voted unanimously to propose new customer protections aimed at closing loopholes.
The lawsuit, filed in United States District Court in Manhattan, provides the most complete account to date of MF Global's collapse and its violation of customer protections.
The Commodity Futures Trading Commission voted unanimously to propose new customer protections aimed at closing loopholes, bolstering internal controls and forcing firms to provide more disclosures to their clients.
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