ADVFN - Advanced Financial Network.
HOME» NASDAQ » C » CME Stock Price » CME Stock News

Cme Grp. Inc. Share News

 Cme Grp. Inc. (mm) Stock Price
CME Stock Price
 Cme Grp. Inc. (mm) Stock Chart
CME Stock Chart
 Cme Grp. Inc. (mm) Stock News
CME Stock News
 Cme Grp. Inc. (mm) Company Information
CME Company Information
 Cme Grp. Inc. (mm) Stock Trades
CME Stock Trades

Futures Self-Regulators Push on Confirming Account Balances

By Chris Dieterich NEW YORK--A group of futures-industry self-regulators agreed to accelerate efforts to enable them to electronically confirm customers' balances, an area of concern highlighted by the recent collapse of Peregrine Financial Group Inc. Tuesday, a special committee of futures-industry self-regulators said they would speed up the registration process for brokers and banks for a Web-based system called Additionally, the committee said it will develop rules requiring brokers to provide regulators with online access that would enable them to confirm account balances at banks that hold customer funds. Futures brokers with money in banks that aren't registered with the program would be required to move funds to registered banks or would be in violation of the rules. The Commodity Futures Trading Commission is the federal regulator that oversees the futures industry, but it entrusts some responsibilities to self-regulators such as the National Futures Association. Peregrine's former chairman has been accused by federal prosecutors of defrauding clients. The CFTC and the NFA have filed separate enforcement actions against Peregrine alleging $215 million in customer funds was missing. The brokerage's founder and chairman, Russell Wasendorf Sr., was arrested Friday and charged with lying to regulators, days after he was found by police following a suicide attempt. Mr. Wasendorf's alleged fraud came to light after the NFA sent a team of auditors to review the firm's books and pressure the executive to sign on to a new, online system for verifying accounts. The self-regulatory committee, comprising the NFA, CME Group Inc. (CME), IntercontinentalExchange Inc. (ICE), the Kansas City Board of Trade and the Minneapolis Grain Exchange, was formed in January following the bankruptcy of MF Global Holdings Ltd., where customer funds also went missing. In May, the committee recommended changes to practices that would require futures brokers to, among other things, file daily reports that show how customer funds are invested and where they are held. --Jacob Bunge contributed to this article. Write to Chris Dieterich at Subscribe to WSJ:

Stock News for Cme Grp. Inc. (CME)
07/21/201608:00:00CME Group Announces Launch of S&P 500 Total Return Index Futures...
07/20/201615:26:00CME Group Announces First Trades of New Aluminum A380 Alloy (S&P...
07/20/201601:50:00Fed Officials Gain Confidence They Can Raise Rates This Year
07/19/201616:00:02Statement of Changes in Beneficial Ownership (4)
07/18/201610:30:00CME Group Foundation Grants $3.6 Million to Support Math Education...
07/06/201615:28:00CME Group Appoints Young-Jin Chang as Global Head of Metals
07/05/201609:30:00June Ag Barometer Shows Rebound In Producer Sentiment
07/05/201607:30:00CME Group Achieved Average Daily Volume of 16.4 Million Contracts...
07/01/201611:58:14Statement of Changes in Beneficial Ownership (4)
06/30/201614:50:54Statement of Changes in Beneficial Ownership (4)
06/29/201618:42:44Statement of Changes in Beneficial Ownership (4)
06/29/201618:15:12Statement of Changes in Beneficial Ownership (4)
06/29/201616:07:50Statement of Changes in Beneficial Ownership (4)
06/29/201616:07:28Statement of Changes in Beneficial Ownership (4)
06/29/201616:06:58Statement of Changes in Beneficial Ownership (4)
06/29/201616:06:58Statement of Changes in Beneficial Ownership (4)
06/29/201616:06:58Statement of Changes in Beneficial Ownership (4)
06/29/201616:06:32Statement of Changes in Beneficial Ownership (4)
06/29/201616:06:08Statement of Changes in Beneficial Ownership (4)
06/29/201616:06:08Statement of Changes in Beneficial Ownership (4)

Cme Grp. Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations