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CFTC extends comment period for proposals to protect customers, funds
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Commodities, Derivatives
Tuesday, January 15, 2013
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The Commodity Futures Trading Commission extended the comment period for proposed rules intended to enhance protections for customers and strengthen the safeguards surrounding the holding of money, securities and other property deposited by customers with futures commission merchants and derivatives clearing organizations.
The agency said it extended the comment period to give industry participants additional time to evaluate the rule’s costs and benefits and propose alternative measures to provide increased customer protection and enhanced monitoring of FCMs.
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