CFTC Chairman Hospitalised with Broken Ribs

CriticalSilver · Sep 14, 2012

With Gensler in Hospital, Agency Scraps Public Vote

The Commodity Futures Trading Commission has scrapped plans to publicly enact rules intended to protect customer cash after the agency's chairman was hospitalized over the weekend.

Gary Gensler, who is overhauling an array of financial rules as head of the Wall Street regulatory agency, cracked several ribs on Sunday when falling at his Maryland home. Mr. Gensler remains in the hospital, although his spokesman called the decision "a precaution."

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The rules are aimed at bolstering the safety of customer money, an issue that gained prominence after two major debacles erupted over the last year. In October, as the brokerage firm MF Global was collapsing, it tapped customer money to stay afloat. When bankruptcy ensued, more than $1 billion in customer cash vanished.

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http://dealbook.nytimes.com/2012/09/10/with-gensler-in-hospital-agency-scraps-vote/
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Perhaps they all need a little motivation ... an offer they can't refuse maybe. Or not.

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CFTC Chairman Hospitalised with Broken Ribs

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CFTC Chairman Hospitalised with Broken Ribs

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