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CFTC reviewing new customer protections

Chairman Gary Gensler said the system of self-regulatory organisations need to be examined

Commodity Futures Trading Commission chairman Gary Gensler said yesterday that commissioners are reviewing new customer protections in the futures market after the alleged fraud at Peregrine Financial Group.

Gensler said the four other commissioners on the CFTC got a draft Monday night of changes to customer money rules, including giving regulators direct electronic access to futures firms' customer accounts.

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