Wall Street Groups Seek To Stay CFTC Position Limits Rule

Law360, New York (February 8, 2012, 12:58 PM EST) -- Two Wall Street Industry groups asked a Washington federal judge on Tuesday to stay a new rule aimed at curbing speculation in the commodities markets by limiting positions investors can take, saying they would otherwise suffer irreparable harm.

The International Swaps and Derivatives Association Inc. and the Securities Industry and Financial Markets Association asked U.S. District Judge Robert L. Wilkins for a preliminary injunction preventing the position limits rule, put forth by the U.S. Commodity Futures Trading Commission, from going into effect pending a decision in...
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