The Commodity Futures Trading Commission voted Wednesday to improve the protection of customer funds at futures brokers by mandating more frequent and detailed disclosures to regulators and clients.

“It makes it far harder to play with customers’ money when we get to see the accounts daily,” said CFTC Chairman Gary Gensler.

In addition to supplying the CFTC with custodial and cash account information each day, futures brokers will have to send customers statements twice a month showing what is in their investment accounts.

The brokers will also have to provide greater disclosure to customers on the risks of futures and swaps (including the fact these account are not insured and not covered by the Securities Investor Protection Corporation) and material risks within the brokerages themselves.

Another element of the effort to better guard customer funds is the stiffening oversight of futures-broker auditors by requiring them to be registered with the Public Company Accounting Oversight Board and undergo board inspections.

Gensler said the rules will significantly enhance customer protection for domestic futures, foreign futures and cleared swaps accounts if the brokerages go bankrupt.

He indicated the regulations are designed to make it significantly harder for brokerages to forge statements like Russell Wassendorf, former chief executive officer of the now-defunct Peregrine Financial Group, did in a scheme that robbed investors of more than $200 million and led to a 50-year prison sentence.

This is the sixth time that the CFTC has taken measures to improve customer account safety since the bankruptcies of Peregrine in 2012 and MF Global the year before highlighted the need for additional protections.

With the new rules, Commissioner Bart Chilton said futures brokers will no longer be able to use the account of one customer as a slush fund to protect the account of another client.

To protect the accounts of insurance companies, pension funds, community banks and municipal governments hedging risks with swaps, the CFTC also voted to require swap dealers to give each of their counterparties the choices available for how their money would be segregated with the price of each option.

The dealers must give the customers at least one custodial arrangement choice not affiliated with the swap dealer’s bank.