Bloomberg – The Commodity Futures Trading Commission moved to restrict what brokers can do with clients’ assets after investments in money-market mutual funds and government-sponsored entities soured during the global financial crisis.
CFTC commissioners voted 4-1 yesterday to propose limiting investments in money-market funds to 10 percent of client assets and investments in GSE securities to 50 percent. The rule would stiffen restrictions on what brokers can do with customer money, or margin, used to back futures contracts.
