The FIA released its December 2023 data on customer funds held at US FCMs.
News & Insights
The CFTC withdrew its original proposal and newly proposed to allow an FCM, subject to certain conditions, to treat separate accounts of a single beneficial owner as if they were owned by different persons, for purposes of margin withdrawals from the separate accounts.
FINRA fined a muni dealer for MSRB Rule violations including (i) failing to timely cancel or close out inter-dealer municipal securities transactions after settlement; (ii) failing "to take prompt steps to obtain physical possession or control of 247 short positions resulting from failed inter-dealer municipal securities transactions;" and (iii) related supervisory violations.
The CFTC Global Markets Advisory Committee advanced eight recommendations to promote access and competition in the U.S. Treasury markets, repo and funding markets and commodity markets.
The CFTC extended the comment deadline to March 18, 2024 for a proposed rule to improve the protection of funds and assets pledged by clearing members of a Derivative Clearing Organization.