DCIO publishes an advisory on foreign security futures products
Felix Shipkevich - June 8, 2010The CFTC’s Division of Clearing and Intermediary Oversight (DCIO) published an Advisory clarifying the extent to which certain sophisticated customers located in the U.S. may transact in foreign security futures products (FSFPs). The Advisory is intended to address questions raised by members of the public following the Securities and Exchange Commission’s publication of an order [...]
LSA ACTION: JP Morgan Securities Ltd
Felix Shipkevich - June 3, 2010The FSA fined J P Morgan Securities Ltd £33.32 million for failing to protect client money by segregating it appropriately.
Under the FSA’s client money rules, firms are required to keep client money separate from the firm’s money in segregated accounts with trust status. This helps to protect client money in the event of the firm’s [...]
