Law360, New York (April 17, 2012, 6:51 PM ET) -- A pair of business groups sued the U.S. Commodity Futures Trading Commission on Tuesday, challenging a new rule requiring mutual funds to register with the agency in the latest bid to use allegedly weak cost-benefit studies as a means to reverse financial regulatory reform.
In a 47-page complaint filed in Washington federal court, the U.S. Chamber of Commerce and the Investment Company Institute said the CFTC did not weigh the potential costs and benefits of forcing mutual funds to register as commodity pool operators before imposing...
Mutual Fund Groups Target CFTC Over Cost-Benefit Study
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