Exercise
Answer true or false.
1. _____ FCM customer funds must be deposited in a special account at the FCM.
2. _____ FCM customer funds may be commingled with other customers’ funds.
3. _____ FCM customer funds may not be commingled with the firm’s funds.
4. _____ FCM customer funds may be used as collateral for FCM loans.
5. _____ An FCM may use funds of one futures customer to provide margin for another futures customers.
6. _____ Funds for the sale of a commodity may be used to buy or sell over-the-counter futures options.
7. _____ FCM customer funds must be held in cash or in approved securities.
8. _____ An FCM may lend money to a customer only if the loan is secured with assets held in the customer’s