The CFTC Approves a Final Rule Regarding Investment of Customer Funds
By EsqSocial Corporation 24/12/24
At the heart of the statutory and regulatory framework governing transactions in derivatives in the United States is a customer asset protection regime that requires futures commission merchants (FCM) and derivatives clearing organizations (DCO) to hold customer funds in segregation. The Commodity Exchange Act (CEA), and the regulations of the Commodity Futures Trading Commission (CFTC) promulgated thereunder, create what courts have termed a "special statutory trust" over funds deposited by...
By: Katten Muchin Rosenman LLP