Futures Brokers Take Issue With Proposed RuleThe Commodity Futures Trading Commission is bracing this week for a barrage of criticism over a proposed rule that brokerages say could cost the industry tens of billions of dollars. At issue is a single sentence in a lengthy rule proposal tied to the landmark Dodd-Frank financial reform law. The sentence requires futures brokers "at all times" to have funds that exceed the sum of customer deficits. Regulators stung by massive losses of supposedly
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