The SEC adopted amendments to the Exchange Act rule on customer protection-reserves and custody of securities. The amendments require broker-dealers that carry over $500 million in customer credit to perform daily cash reserve account calculations.

The CFTC adopted a final rule allowing FCMs, subject to conditions, to treat separate accounts of a single customer as if the accounts were owned by different entities for the purposes of determining the amount of margin posted in each separate account.

As we close out 2024, we will be taking a publishing break until January 2. Wishing you a joyous holiday season and a successful start to 2025. Thank you for your continued readership and support—we look forward to bringing you more insights in the new year!

The CFTC adopted amendments to rules governing the safeguarding and investment of customer funds by futures commission merchants and derivatives clearing organizations.

A dually registered firm settled SEC charges for failing to timely investigate and report suspicious transactions to FinCEN.