INTL FCStone execs oppose CFTC proposal for futures brokers

05/9/2013 | Reuters

Executives at INTL FCStone are joining other market participants in raising concerns about a proposed rule that would require futures brokers to have more funds than the total of customer deficits at all times. The rule could force futures commission merchants to carry the additional financial burden or charge their customers more to trade. "FCMs won't really have a choice but to push that down to their clients if regulatory change like this comes through," said Bill Dunaway, chief financial officer at INTL FCStone.

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