Federal regulators are narrowing a list of possible new safeguards for customers at futures firms, a response to the collapse of MF Global and the disappearance of more than $1 billion in client cash.
The Commodity Futures Trading Commission will hold a public roundtable next week to discuss policy changes, including a plan that would allow customers to trade through futures brokerage firms without keeping their excess cash there, according to a copy of the agenda provided to The New York Times.
The plan, which would allow customers to keep their cash at clearinghouses rather than brokerage firms, is gaining support in pockets of the regulatory world. The commission is also circulating an internal list of more than 10 other ideas, including keeping customers updated on the whereabouts of their money and creating an insurance fund to backstop losses in customer accounts.
People close to the agency cautioned that the list was preliminary…
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