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Futures brokers will be required to immediately report to the Commodity Futures Trading Commission when they realize their funds have dropped too low to meet trading obligations, under a new rule. Futures brokers must tell the CFTC and their self-regulatory organization if they have insufficient funds set aside to support customers’ trading or fulfill their obligations to customers. The CFTC is acting partly because the Oct. 27 stock market plunge left some brokers with insufficient funds held in separate accounts to cover customers’ trades.
