Reuters: Regulatory News: NFA approves new safeguards for customer funds

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NFA approves new safeguards for customer funds Aug 16th 2012, 22:00 WASHINGTON | Thu Aug 16, 2012 6:00pm EDT WASHINGTON Aug 16 (Reuters) - The National Futures Association on Thursday approved new rules to beef up futures customer protections, months after the revelation of fraud at collapsed brokerage Peregrine Financial Group left a multi-million dollar hole in customer funds. The new rules, approved by the NFA's board of directors, would require futures brokerages to provide regulators with view-only Internet access to customer segregated fund account information. The newly approved requirements will now be sent to the CFTC for approval.

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