Dodd-Frank rears its ugly head once again, this time in regards to futures brokers’ margin requirements. You can read a lengthy description of the issue here: Thomson Reuters But for a quick rundown of what is going on and what is means for brokers and clients read onwards. The issue concerning FCMs in the USA is a sentence in a new proposal as an addendum to the Dodd-Frank reform law that states that futures brokers must have funds that exceed the sum of customer deficits at all times. This contradicts the current regulations which allow futures brokers to “net” excess funds of other customers against the deficits ... (full story)