Series 3: 7.3.2.2. Segregation And Separate Accounting Of Funds

Taken from our Series 3 Online Guide

7.3.2.2. Segregation and Separate Accounting of Funds

A futures commission merchant must segregate its customer funds from its other accounts and deposit them in a separate account that clearly identifies the funds as belonging to a particular futures customer. Customer funds may be deposited in any of the following depositories: a bank or trust company, a futures or options clearing organization, or another FCM.

The FCM may commingle its customers’ funds into a single account or multiple accounts with one or more depo

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