The Commodity Futures Trading Commission is to meet on Tuesday to gather public feedback on its plans to offer better protections to customers who hold money in futures brokerage accounts. The agency released its customer protections proposal last October after the collapse of MF Global and Peregrine Financial Group. At the time, CFTC Chairman Gary Gensler said the proposal would ensure "customers have confidence that the funds they post as margin or collateral are fully segregated and protected." The failure of MF Global, with an estimated $1.6 billion in missing customer funds, and Peregrine Financial Group, which had a shortfall of $220 million in customer accounts, prompted criticism of the CFTC's rules on customer segregationed funds and auditing standards in the futures industry. The CFTC proposal includes allowing futures regulators to check the online balances of customer accounts and requiring brokers to disclose more comprehensive information about their customer's
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