CFTC Seeks Comment On New Disruptive Trading Order

Law360, New York (February 24, 2011, 3:08 PM EST) -- The U.S. Commodity Futures Trading Commission voted Thursday to seek public comment on a proposed interpretive order designed to combat disruptive trading practices, with one commissioner dissenting over concerns about vague language.

The order is meant to target practices such as violating bids or orders, disregarding orderly execution of trades and so-called spoofing.

In the wake of the 4-1 vote, with Commissioner Jill Sommers dissenting, the order will now be open for a 60-day public comment period.

The order would make it unlawful to violate bids...
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