On November 16th, CFTC Commissioner Scott O'Malia urged futures commission merchants ("FCMs") to engage third-parties to verify that the FCMs have properly segregated customer funds. He also believes that FCMs should report their segregation balances on a daily basis and that the CFTC and self-regulatory organizations should conduct random spot checks to verify those reports. O'Malia further urged greater disclosure of FCM risk profiles. O'Malia Statement.