Shipkevich Bitcoin and ICO Attorney
Felix Shipkevich February 29, 2012

The CFTC approved rules for publication that will require futures commission merchants (“FCM”), introducing brokers (“IB”), commodity pool operators (“CPO”), and other CFTC-regulated entities to create policies for responding to red flags signaling identity theft.

Under the proposed rules, the CFTC-regulated entities must adopt programs that include polices to:

  • Identify red flags
  • Detect the occurrence of red flags
  • Respond appropriately to red flags
  • Update programs periodically

The rule will include guidelines and examples of red flags to help firms develop and implement their programs.

Read more about the proposed rule.

Photo credit: Steve Snodgrass

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