New NFA Rules Are Proposed To Protect Investors From Fraud
The National Futures Association has approved new rules designed to increase protection for investors in the futures and commodities markets. Reuters reported that the new requirements, if approved by the Commodity Futures Trading Commission, would require futures brokers to give regulators access to view-only Internet information contained in customers' segregated investment accounts. The rules came about after Iowa-based Peregrine Financial Group collapsed in July, with more than $200 million in customer assets missing. It's not yet clear how long it would take to develop such a program, if the CFTC approves the proposal, Reuters said.