Holidays Bear Gifts of More Regulations

The closure of the government for several weeks did not stop the progress on new rules being discussed and implemented by the CFTC. As the IBs focus on building his/her business and serving customers’ needs, the regulatory responsibilities ramp up. The Commodity Futures Trading Commission (CFTC) is working on capital requirement adjustments for FCMs which could impact margin requirements and ultimately the amount of money customers will need per contract. The CFTC Rule 1.35(a) taping rule comes into effect on December 21, 2013. If you are an IB and fall under the guidelines set by CFTC, it is very important…

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