Tesis ini membahas hubungan antara kebijakan Modal Bcrsih Discsuaikan dan Pengelolaan Rekening Terpisah Pialang Beljangka yang ditetapkan pemerintah terhadap usaha perlindungan dana nasabah. Pialang Berjangka harus memiliki reputasi keuangan yang baik dan integritas bisnis yang tinggi serta profesional mcngingat bahwa Pialang Beqjangka dalam kegiatannya mengelola dana masyarakat yang jumlahnya tidak sedikit. Pcnclitian ini adalah penelitian kuantitatif dcngan menggunakan data primer. Hasil penelitian menyarankan dalam rangka meningkatkan perlindungan terhadap dana nasabah, Pialang Berjangka hams mempertahankan nilai Modal Bersih Disesuaikan, serta mengelola Rekening Terpisah.

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The focus of this study is examining of relationship between application the adjusted net capital policy and management of Segregated Account li'om Futures Trade Brokers towards the protection of customer’s iimds. Futures trade brokers was necessary to possess good financial reputations and high business integrity as well as professional considering that the fixture trade broker in their activities were to manage the society’s funds which were huge. The method of this research is quantitative with use the primary data. The researcher suggests that for increasing the protection of customer’s timds, fixtures trade brokers was necessary to maintain the value of adjusted net capital and maintain the Segrcgated Account.