Nearly a year after MF Global raided customer accounts in a failed bid to survive, regulators moved this week to tighten restrictions for brokerage firms and adopt new safeguards for client money, the New York Times DealBook blog reported yesterday. The Commodity Futures Trading Commission voted unanimously to propose new customer protections aimed at closing loopholes, bolstering internal controls and forcing firms to provide more disclosures to their clients. The proposal, which may be changed over the next several months, comes as the futures industry suffers a crisis of confidence in the wake of the MF Global debacle.
