CFTC's Position Limits Will Cripple Markets, Groups Say

Law360, Washington (February 27, 2012, 5:48 PM EST) -- A new U.S. Commodity Futures Trading Commission regulation limiting positions that investors can take will lead to unrecoverable costs and loss of customers for companies operating in commodities markets, financial industry groups told a Washington federal judge Monday.

The International Swaps and Derivatives Association Inc. and the Securities Industry and Financial Markets Association told U.S. District Judge Robert L. Wilkins that the rule would raise prices for commodities that consumers buy daily and require immediate, costly compliance efforts by market participants, including the potentially irreversible restructuring...
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