CFTC Launches Appeal Of Position Limits Ruling

Law360, New York (November 15, 2012, 5:49 PM EST) -- The U.S. Commodity Futures Trading Commission on Thursday appealed a Washington federal court decision striking down its proposal to place new limits on derivatives trading, setting up another courtroom battle with securities industry groups over the Dodd-Frank Act measure.

The agency filed a brief notice saying it had appealed the Sept. 28 ruling to the D.C. Circuit. In a separate statement, the CFTC said its commissioners had approved the action on a 3-2 vote.

“I believe it is critically important that these position limits be established...
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