Bloomberg News

MF Global Collapse Prompts Dec. 5 CFTC Vote on Client-Funds Rule

November 30, 2011

Nov. 28 (Bloomberg) -- The U.S. Commodity Futures Trading Commission scheduled a Dec. 5 vote on regulations restricting how derivatives brokers invest client funds, a measure that gained urgency after as much as $1.2 billion went missing in MF Global Holding Ltd.’s collapse.

The CFTC announced the schedule for the meeting in an e- mail statement today. The rule would govern how client assets may be invested in money-market funds, and limit investments in foreign sovereign debt and internal repurchasing agreements.

--Editors: Gregory Mott, Lawrence Roberts

To contact the reporter on this story: Silla Brush in Washington at

To contact the editor responsible for this story: Lawrence Roberts at

The Good Business Issue
blog comments powered by Disqus