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CFTC proposes restrictions on brokers’ use of funds

Posted on 27 October 2010

From Bloomberg: The Commodity Futures Trading Commission moved to restrict what brokers can do with clients’ assets after investments in money-market mutual funds and government-sponsored entities soured during the financial crisis.
CFTC commissioners voted 4-1 today to propose limiting investments in money-market funds to 10 percent of client assets and investments in GSE securities to 50 percent……………………………………….Full Article: Source


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