CFTC's Position Limits Rule Dead On Appeal, Experts Say

Law360, New York (October 1, 2012, 6:33 PM EDT) -- As the U.S. Commodity Futures Trading Commission licks its wounds from a Friday court decision blocking new Dodd-Frank limits on derivatives trading, experts said the agency should return to the drawing board rather than wage a losing battle in appeals court.

Striking down a key element of the Dodd-Frank Act, a Washington federal judge said the CFTC had not sufficiently explained why it was necessary to enact so-called position limits on derivatives contracts tied to 28 commodities involving energy, metals and agriculture. The ruling was a...
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