CFTC Fires Back At Industry Groups In Trade Limit Suit

Law360, New York (April 16, 2012, 2:47 PM EDT) -- The U.S. Commodity Futures Trading Commission told a Washington federal judge Monday that industry groups challenging a new rule aimed at curbing speculation in oil and commodities markets were seeking to unwind all regulations limiting the positions investors may take.

“Plaintiffs seek not only to invalidate the rule but to dismantle the speculative position limits regime that Congress has erected over the past 75 years,” the CFTC said, responding to a suit by The International Swaps and Derivatives Association Inc. and the Securities Industry and Financial...
To view the full article, register now.