CFTC's O'Malia calls for disclosure of proprietary trades

11/17/2011 | San Francisco Chronicle

Scott O'Malia, a member of the Commodity Futures Trading Commission, says MF Global Holdings' collapse highlights the need for brokers to disclose to their customers the scope of their proprietary trades. "Without disclosure to its customers, MF Global dramatically changed the risk profile of its proprietary operations and its incentives relating to customer intermediation," O'Malia said.

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