Insurance fund proposed by futures regulator

Insurance Fund

Government agency suggests insurance fund for the sake of consumers The Commodity Futures Trading Commission, an independent agency of the U.S. government that regulates the futures and options markets, has proposed the introduction of an insurance fund as a way to protect consumers. The proposition comes in the wake of the collapse of brokerages MF Global and Peregrine Financial Group, which has lost more than $1.8 billion of the funds that were provided to them by consumers. The plan, which is being lauded by agency Commissioner Bart Chilton, is expected…

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