Judge Rejects Dodd-Frank Limits On Derivatives Contracts

Law360, New York (September 28, 2012, 9:13 PM EDT) -- A Washington federal judge on Friday stamped out the U.S. Commodity Futures Trading Commission's pending restrictions on derivatives contracts that investors can hold, a triumph for Wall Street that forces the agency to analyze whether the Dodd-Frank-prompted limits are necessary.

The ruling from U.S. District Judge Robert L. Wilkins said the CFTC had for decades provided justification before enacting position limits on speculative behavior and that there’s no reason to believe Congress intended otherwise when passing the Dodd-Frank Act, which prompted approval last year of limits...
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