LEGAL PROTECTION FOR CUSTOMER SEGREGATED ACCOUNT OWNER FROM LOSS DUE TO THE BANKCRUPTY OF FUTURES BROKERAGE FIRM
Abstract: Commodity futures
trading is a business activity that is complex and involves many parties
including Client Segregated Account and Brokerage Company. This business
promises huge benefits but ba-lanced with a high risk of loss. Therefore, a
potential event of bankruptcy. Customer as the owner of the funds which
mandated funds to the brokerage company to be managed for purposes of the
transaction, should get legal protection from potential losses due to
bankruptcy of futures brokerage firm. The spirit of the law in protection for
customers is reflected in the preamble of le-gal norms futures trading as
further elaborated in the general legal provisions stipulated in the Fu-tures
Trading Act.
Author: Yessy Meryantika Sari
Journal Code: jphukumgg160030
