A U.S. futures regulator on Monday urged Congress to boost protections for futures customer funds, weeks after the revelation of a $200 million shortfall at bankrupt futures brokerage Peregrine Financial Group renewed calls for tougher safeguards. Bart Chilton, a Democratic Commissioner at the Commodity Futures Trading Commission (CFTC), asked top lawmakers to create a futures customer insurance fund to backstop customer losses if a brokerage fails. More on Reuters here.
