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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