A GCM is an entity that has been approved by the clearing house for clearing of principal transactions and client transactions on behalf of GCM clients. A general clearing member signing a general ...

A clearing house must ensure that it has adequate resources to absorb the losses that result from the default of one or more clearing members. The resources are contributed by the CCP itself as ...

The Federal Trade Commission announced on April 30 that Publishers Clearing House had agreed to pay $18.5 million to customers who were "harmed by misleading claims" made by the company.