Preventing a brokerage collapse remains challenging, NFA chief says

01/20/2012 | Reuters

Dan Roth, head of the National Futures Association, says the collapse of MF Global Holdings might prompt more spot checks by futures exchanges, but there is no guarantee that brokerage customers will never lose money again in an insolvency. "I think the search for a silver bullet is probably futile," Roth said. "If someone wants to break the law, you can't prevent that without sitting with them 24 hours a day."

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