CFTC approves rule, Stabenow applauds move

The Commodity Futures Trading Commission (CFTC) on Monday passed a new rule to restrict how commodity firms can use customers’ funds. The unanimous vote would prevent the type of deals that allegedly were used by MF Global, the commodity firm that filed for bankruptcy at the end of October. Over $ 1 Billion of MF Global customer funds are still missing. The company’s leader, John Corzine, has been subpoenaed to testify before the House Ag Committee this week and the Senate Ag Committee

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