Tag: PFGBest

October 24, 2012 BY Gerald Segal

CFTC demands direct electronic access to bank accounts

CFTC unveils details of new customer protection rules. As we reported was likely to happen back in July, U.S. financial regulator CFTC has published its detailed suggestions for enhancing customer protections at Futures Commission Merchants ("FCMs"), which include FX brokerage firms in the U.S. such as FXCM. Among the CFTC's proposals are included: daily reporting of…

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