How MF Global Collapse Pushed CFTC to Approve Client Funds Rule

• By: Staff Editor
• Date: December 11, 2011

The spectacular collapse of brokerage firm MF Global in November 2011 and subsequent revelations that millions of dollars of its customers’ money was misused and is missing, spurred the Commodity Futures Trading Commission (CFTC) to finally approve its year old “Client Funds” rule.

This article gives a brief overview of the new rule and how it will affect brokerage firms.