The chairman of a futures industry trade group said on Thursday that serious consideration should be given to the creation of an insurance fund to protect futures customers, after two major scandals shook confidence in the market.
Michael Dawley, chairman of the Futures Industry Association and a Goldman Sachs managing director, said an organization like the Institute for Financial Markets should evaluate the viability of such a fund.Read more..
(Ref: Insurance Journal, July 27, 2012)
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