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Segregation Of Client Funds Looks Likely In The U.S.

|Includes:FXCM Inc. (FXCM), GCAP

....as the CFTC reacts to MF Global's bankruptcy.

CFTC logoIn the aftermath of the bankruptcy of MF Global, in which more than $1 billion in client money has gone missing, U.S. regulatory authorities are about to introduce new rules requiring segregation of client funds for financial firms which hold client money, including Forex firms.

The CFTC will be holding a two-day public roundtable later this week, Wed Feb 29-Thu Mar 1, on the topic. Our understanding from people close to the regulatory committees involved is that such a roundtable would not be held unless (barring something unforeseen such as a huge public backlash) the recommendations of the roundtable will be accepted very soon after.

For more details see LeapRate's Forex Industry News at leaprate.com.

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Stocks: FXCM, GCAP