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MF Global: The SERIOUS Issues Reach Mainstream Media; entered at 2011-12-08 11:10:39

Oldno7
Posts: 2141
Registered: 2008-11-14 RECALL STATE USA

I found this link over on the Bogelheads site. I need to read it closer to see if this problems is actually being addressed:

http://finance.yahoo.com/news/regulators....

Quote:

But in the wake of MF Global's collapse, the agency's commissioners moved quickly to adopt the new constraints. The agency voted 5-0 on Monday for the rule, drawing support from two Republican commissioners who have opposed many new rules for Wall Street, signifying the seriousness of the MF Global situation.

"As recent events have highlighted, the protection and preservation of customer funds is fundamental to our markets," Scott O'Malia, a Republican member of the commission, said in a statement. "By limiting investments of customer funds to a subset of instruments that currently have minimal risk, this final rule is a step towards enhancing customer protection."

Last modified: 2011-12-08 11:19:33 by oldno7

2011-12-08 11:10:39


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