Are Customer Segregated/Secured Amount Funds Properly Protected after Lehman?

This paper written in November 2008, two months after Lehman Brothers filed for bankruptcy, analyzes the various customer asset protections laws under the Commodity Exchange Act and applicable CFTC Regulations. It describes the various account classes in place and how futures customers are protected. It only argues that further changes are needed to provide even great customer asset protections as Lehman's futures customers traded on several U.S. and non-U.S. futures exchanges, with each jurisdiction applying their local laws regarding company bankruptcies