January 10,2014 Segregated and Secured Funds- The CFTC recently issued no action relief Letters 14-02 and 14-03 regarding the handling of customer funds that are intended for both segregated and secured accounts. This is a subtle but important point in the customer protection area.
January 23, 2014 Request for Comments- The NFA is requesting comments on proposed customer protection measures regarding managed accounts and pooled accounts. Among the areas being considered are capital requirements, 3rd party custodians and verification of pooled assets. Comments are due April 15, 2014.