Meet the Futures Industry: A Breakdown of Terminology, Roles and...
Our weekly newsletter is out, and this week we’re breaking down the players in the futures industry. These days, the futures industry has been in the spotlight in a way we’ve never seen. Granted, we...
View ArticleIndividually Segregated Accounts the Magic Bullet?
The PFGBest mess has forced a debate from the MFGlobal days to resurface – what, exactly, is a segregated account, and what should it look like? It may, intuitively, seem like a segregated account is...
View Article4 Concerns for Today’s CTFC Roundtable
For those of you paying attention, the CFTC is hosting a roundtable today on regulatory reform. The CCC has details up for those interested in listening in here. The biggest revelation here is the...
View ArticlePFGBest Update: Wolf in Sheep’s Clothing?
Remember last week, when we talked about the sweep of margin out of an FCM and into a more traditional account as a means of protection? And how the legalities of the situation may well complicate the...
View ArticlePFGBest Update: Finally Taking Action
We were glad to see last week’s announcement from the NFA that they will be requiring all FCMs to give always-on access to view their segregated accounts online. The fact that PFGBest was allowed to...
View ArticleMF Global Anniversary Linkfest
Anniversaries are often use as opportunities to look back, reflect on what happened, and how things have changed in the meantime. With the collapse of MF Global now a full year in the rearview mirror,...
View ArticleCME’s Duffy: A year later, [futures market] customers are safer than before
Today marks the one year anniversary of the day MF Global filed for bankruptcy. We still remember it like it was yesterday, but much has happened in the months since. And while much of the coverage one...
View ArticleLet’s Shake Up the NFA: Time to Vote
It’s been more than five months since the revelation of PFG Best’s accounting fraud, and over a year since the collapse of MF Global. Despite the blatant failure of the NFA to carry out its duty, and...
View ArticleThis is What Progress Looks Like
One of the most frequent complaints about regulation in the U.S. is that it can take a lifetime to get anything accomplished. This isn’t an unfair criticism. After all, it’s 2013 and our legislative...
View ArticleJPMorgan, MFGlobal, and the Way Forward
For former MF Global customers, one of the last barriers to resolving the case has finally come down. JP Morgan has relinquished its claim to a significant portion of the remaining money for...
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